Category: Estate Planning

Texas has been home to more than a few family dynasties – both real and fictional. However, in Sept. 2021, Texas law finally made it possible to establish dynasty trusts, also known as bloodline trusts. That’s something people in other states have been able to do for some time. So just what is a dynasty…

You’ve worked hard your entire life and acquired a significant amount of wealth. You’ve also created an estate plan and allotted some of your assets to the people and causes you care about. All looks good except there is one little problem – you created your estate plan ten years ago.  Just like you are,…

Since most states don’t honor Lady Bird deeds, you might be tempted not to consider one when doing estate planning here in Texas. But don’t give short shrift to this very useful option that many Texans have chosen to protect their holdings and resources during their lifetimes. Before deciding whether this option is workable for…

For many families, probate administration is largely a technical process. The deceased individual left clear instructions about their preferences and adequate resources to resolve all of their outstanding personal responsibilities. The executor or personal representative goes to court to present the will or other estate planning documents. They pay off debts, close accounts and eventually…

Trusts are a commonly used tool by those who plan ahead for Medicaid benefits when they age. Typically, older adults living on a fixed income may have a hard time covering the full cost of paying for nursing home care or skilled nursing support as they age in place or undergo hospice treatment in their…