A trust is a legal arrangement that allows you to place assets under the control of a trustee for the benefit of someone else. Instead of distributing assets outright, a trust provides structure, oversight, and long-term planning. Trusts are often used to: Protect beneficiaries from creditors Provide for minor or incapacitated beneficiaries Preserve needs-based government [...]
In Texas, the courts have a system in place to protect people who can no longer care for themselves due to physical or mental incapacity. When someone is legally found to be incapacitated by clear and convincing evidence, and the court determines that a guardian is in their best interest, the court may appoint a [...]
Once you have completed your estate plan with your attorney, should you have a family meeting? In most cases, it is probably a good idea talk with the persons you have appointed in the various roles. You should have appointed a financial agent, a medical agent, an executor for a Will, and possibly guardians [...]
If you represent creditors, a defendant in your lawsuit that has died, or your client already has judgments against a deceased person, here's a brief overview of your client’s rights. First, a person's death does not end claims against them. Second, collection rights may be better against the estate than the living debtor, as most [...]
The basic purpose of a trust is to place authority over assets in a person other than the intended ultimate beneficiary of those assets. The goals to be achieved with trusts in place can range from creditor protection of the beneficiary, providing for an incapacitated beneficiary, preservation of a beneficiary’s government and need-based benefits, to [...]