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The idea of a trust seems complicated, and we often think of them as something for only the super-wealthy. In reality, a trust is a relatively simple document: one person holds legal title to an asset for the benefit of another. A basic trust has four components:
When you work with a trust lawyer in Houston to set up a trust, you will be asked to name a trustee. Before you can select someone for this important job, you need to fully understand the role and responsibilities this person will be gi...
One of the most enjoyable parts of being a Harris County estate lawyer is helping clients set up trusts. Knowing that they have the ability to positively impact future generations or even a cause they care about can be a life-changing experience for a person. The fact that estate planning lawyers are a part of it is almost a bonus to the job. There is an area, though, that so many clients forge...
Wills and trusts administration is a big category of law, and it can be a little confusing to understand exactly what it all means. The specifics of this type of work will vary from state to state, so what happens in Texas will be slightly different from how it all takes place in any other state. For the most part, though, wills and trusts administration involves the following: Assets Passed...
As if losing a loved one is not hard enough, will and trust lawyers around the country have been seeing an increase in identity theft of those who have passed away. This creates considerable difficulties to the surviving family and really does add insult to injury. In order to protect your loved one's name, take this advice; and if you suspect there has been an identity theft, you may want to r...
Wills and trusts administration in Texas can be somewhat complicated, and some folks are looking to avoid the hassle-not to mention the expense-by using other means. For example, many accounts and policies have a "payable on death" option wherein you simply name a beneficiary. Other assets may also be passed via a beneficiary designation. So, does this really circumvent the need for wills and t...
