Trusts

Living Trust Scams

July 11, 2014

Many of us have seen advertisements touting the benefits of a living trust. Salespersons who promote living trusts claim they can reduce taxes, protect assets from creditors, and reduce the time and expense of probate, seemingly suggesting that other forms of estate planning cannot achieve those goals. According to the State Bar of Texas, sales of […]

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Can I Create an Asset Protection Trust for my Own Benefit?

June 4, 2014

I get a lot of calls and emails from individuals interested in protecting their assets by creating a trust for their own benefit. Often, they do not have large estates or unusual risk factors. They’ve just read or heard about how litigious our society is and want to take whatever steps necessary to protect what […]

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Would You Like A Will With That Special Needs Trust?

July 24, 2013

Several parents have contacted me recently about setting up stand-alone special needs trust for their children. Unlike a supplemental needs trust that is created in a Will and funded at death, a stand-alone special needs trust is established during one’s lifetime and funded immediately. Clients are often prompted to establish a stand-alone trust because relatives […]

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Guidance For Trustees of Special Needs Trusts

April 10, 2013

If you have been named as the trustee of a special needs trust, you likely have many questions about how to administer the trust. You can get many of the answers you need in the Special Needs Alliance Guidebook for Special Needs Trustee. This excellent guide provides definitions of unfamiliar words, distinguishes self-settled special needs […]

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Should I Disinherit My Disabled
Child to Protect His Benefits?

April 3, 2013

Parents whose children are receiving government benefits, such as SSI and Medicaid, know that those benefits are means-tested. Those with countable assets greater than $2,000 can lose their eligibility to receive SSI and Medicaid. So they worry about leaving an inheritance to a child who may be receiving these benefits. To avoid disqualifying their children […]

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What is a Spendthrift Trust?

November 28, 2012

As parents, we all do our best to instill our good values in our children. But sometimes, despite all our guidance, our children make poor personal and financial decisions. Their poor judgment may be a due to a lack of maturity that is temporary, or perhaps a long-term problem stemming from alcohol and drug abuse […]

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