Posted on: September 25, 2025
The title of trustee implies that this position should be held by someone you find trustworthy, and for good reason. Knowing when to fire a trustee is crucial, as serving as a trustee of a trust carries significant responsibility and duty not just to you as the trust’s creator but also to the beneficiaries who […]
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Posted on: September 18, 2025
The idea of one-size-fits-all no longer fits a world where people expect products and services to be tailored to their individual preferences. In such a scenario, it might be wise to consider a directed trust to meet specific needs. The estate planning world, long rooted in tradition, has relied on time-tested tools such as trusts […]
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Posted on: January 9, 2025
Many believe that once they set up and fund a revocable living trust, property held in the trust will avoid federal estate taxes after dying. In reality, a living trust provides no unique estate tax avoidance strategies. The primary mechanisms for reducing estate taxes—the unlimited marital deduction and the charitable deduction—apply whether money or property […]
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Posted on: October 7, 2024
Suppose you have established a revocable living trust (which we will refer to simply as a trust). Congratulations! You are on the right track in creating a comprehensive estate plan. However, you are only halfway there. Many people believe that because they took the time to create a trust, their estate will automatically avoid probate, […]
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Posted on: June 17, 2024
Having an estate plan is a great way to ensure you and your loved ones are protected today and in the future. When creating an estate plan, we look at what is going on in your life at that time. But because life is full of changes, it is essential to make sure your plan […]
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Posted on: January 3, 2024
Trust protectors are commonly used in Texas. Essentially, a trust protector is someone who serves as an appointed authority over a trust that will be in effect for an extended period of time. Trust protectors help you ensure that trustees maintain the integrity of the trust, make solid distribution and investment decisions, and adapt the […]
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Posted on: January 1, 2024
Did you know that irrevocable trusts can be modified? If you did not, you are not alone. The name lends itself to that very misconception. However, the truth is that changes in laws, family, trustees, and finances can frustrate the trustmaker’s original intent when the trust was created. Or, sometimes, an error in the trust […]
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Posted on: December 31, 2023
While many wines improve with age, the same cannot be said for some irrevocable trusts. Maybe you are the beneficiary of a trust created by your great-grandfather over 70 years ago, and that trust no longer makes sense. Or maybe you created an irrevocable trust over 20 years ago, which no longer makes sense for […]
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Posted on: November 29, 2023
In the complex world of estate planning, understanding the nuances of different trusts and their tax implications is crucial for modern families, especially those balancing the care of minor children and aging parents. With myriad options available, it’s essential to navigate this landscape wisely to ensure your family’s financial security and compliance with the law. […]
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