Austin Texas Estate Planning Blog

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Pouring water from a pitcher to a glass: Will My Revocable Living Trust Avoid Probate

Will My Revocable Living Trust Avoid Probate? It Depends.

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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Zen garden: What Is Next for Your Estate Plan

What Is Next for Your Estate Plan?

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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Asian Statute protecting temple: Do Not Leave Your Trust Unprotected: How a Trust Protector Can Help You

Do Not Leave Your Trust Unprotected: 6 Ways a Trust Protector Can Help You

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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A bloke pushing a boulder: 3 Examples of When an Irrevocable Trust Can—and Should—Be Modified

3 Examples of When an Irrevocable Trust Can—and Should—Be Modified

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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Red wine decanted: Decanting How to Fix a Trust That Is Not Getting Better with Age

Decanting: How to Fix a Trust That Is Not Getting Better with Age

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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fractal: Smart Estate Planning Understanding Trusts and Tax Implications for Modern Families

Smart Estate Planning: Understanding Trusts and Tax Implications for Modern Families

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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family making hearts with hands: Trusts Make Sense for All Tax Brackets

Trusts Make Sense for All Tax Brackets

Posted on: October 11, 2023
There are many reasons, however, to incorporate asset protection trusts into even the simplest estate plan–especially in the context of passing assets to children and grandchildren.
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The Indispensable Role of an Estate Planning Attorney

The Indispensable Role of an Estate Planning Attorney

Posted on: July 31, 2023
Among the key benefits of having a will and estate planning lawyer is the peace of mind that comes with knowing your affairs are in order.
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Can You Keep a Vacation Home in the Family for Generations

Can You Keep a Vacation Home in the Family for Generations?

Posted on: July 25, 2023
The family vacation home is often a point of pride, a place for reconnecting and making memories. A vacation home, whether it’s in the mountains, near the sea, on a lake, or on a farm, can have sentimental as much as economic value.
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