Trusts

What is the Difference between a First-Party Special Needs Trust and a Third-Party Special Needs Trust

March 18, 2015

I received an email this week from someone who had a special needs trust for a sibling. She wondered if her sibling could put some of his own assets into a special needs trust that a family member created for him. Special needs trusts are not all the same. First-party special needs trusts are designed […]

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To Trust Or Not To Trust

January 28, 2015

Last Christmas, the only thing on my older children’s Christmas list was a laptop computer. As they have gotten older, school assignments have increasingly required access to one. Teachers post assignments online. Many assignments are done online, or require essays that need to be typed. So, when my dad asked what my children wanted for […]

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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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