Dallas families often own mineral rights that pump royalties long after the original lease. Placing those interests into a revocable living trust avoids probate, streamlines management, and protects your heirs. Yet the process involves nuances absent from typical stock transfers. Addressing title, division orders, and ongoing production requires careful attention.…
You love giving back to Houston and hold significant real-estate equity. Selling property triggers hefty capital-gains tax, but funding a charitable remainder trust (CRT) turns that hidden value into lifetime income and future philanthropy. When structured correctly, a CRT slashes taxes, boosts cash flow, and leaves a legacy in the…
Many people assume that when it comes to funding a trust, money from a bank account is the only possible source of assets. Today’s blog post serves to dispel that misconception, because there are many different options available to individuals looking to fund their trusts. There are also important procedural…
If you are looking for ways to ensure that your loved ones are well-protected in the event of your death, consider the advantages of a life insurance trust. A life insurance trust is a form of legal agreement that puts the grantor’s life insurance into a trust. The designated trustee…
Many of our clients are interested in leaving money to their children when they pass. For some clients, though, there is a question about what to do when their child is not financially savvy. Do they leave unrestricted assets for the child anyway? Are there tools they can use to…
The estate planning process in Texas offers a variety of tools for those looking to avoid probate. One such tool that we encounter often in our practice is the revocable living trust. On today’s blog, we cover the basics of the revocable living trust as well as a couple of…
There is no “one size fits all” approach to estate planning. Each person brings his or her own set of circumstances, goals, and opportunities to the table. One of the first questions we discuss with our potential clients during a first meeting is whether they would like to move forward…
Many times, prospective clients come to us for an initial consultation asking for help writing a will. While the will can be a valuable tool in estate planning, there are times when writing a will may not be enough. Today, we cover some reasons that your estate plan might need…
As many of our clients know, the trust can be a valuable estate planning tool for those who choose to use it. If you are wondering whether adding a trust to your estate plan might be the right next step for you, consider the following reasons that many individuals choose…
As our client community knows, there are many tools available for individuals undergoing the estate planning process. Two of these tools are the will and the trust, and there are important differences between the two. To find out whether a will or a trust is better for your individualized estate…