A married couple is certainly not required to create their estate plans together; however, it is often preferred due to shared assets that must be addressed in each estate plan. One estate planning tool that is frequently used by married couples is a living trust. A living trust can help accomplish a myriad of estate planning goals and objectives while also remaining flexible enough to be easily tailored to the needs of each trust maker. It’s an ideal addition to any estate plan. So, it’s no … [Read more...] about What Happens to a Living Trust When One Spouse Dies?
revocable living trusts
Although a Last Will and Testament is usually the foundation of a comprehensive estate plan, most plans include a variety of documents in addition to a Will. One of the more common additions to a thorough estate plan is a trust. A question that frequently comes up –typically from a beneficiary – is “Can you contest a trust?” The simple answer is that yes, a trust in Houston Texas can be contested. A trust is a legal entity that requires four elements for creation --- a trustor, a trustee, a … [Read more...] about Can Someone Contest a Trust in Houston Texas?
In the last post, we told you that everyone can have a Revocable Living Trust. They are not just for the wealthy. However, that begs the question, does everyone need a Revocable Living Trust? If you go online and read about what you should have for your estate plan, it is easy to come away with the impression that everyone should have a Revocable Living Trust. It might even seem that it's the world's greatest legal instrument given to us from above as a special gift. That's because many online … [Read more...] about Not Everyone Needs a Trust
There are a large number of estate planning tools your estate planning lawyer is experienced with, and understands that you are not. Because there are so many options to explore and tools to put into place, it will be necessary to meet with your estate planning lawyer regularly until everything is complete. Even then, meetings will follow regularly in order to keep all the documents up to date. Often times, people believe they only have to worry about their estate plan during the planning … [Read more...] about Put the Proper Estate Plan Tools Into Place