You’ve finally made it, your adult children have graduated high school. It’s a big moment for the whole family. All your hard work as a parent has finally paid off. Now that your adult child is 18+ they’re considered an adult in the eyes of the law. It’s important for parents to talk about their […]
Revocable Living Trust
Welcome to Texas! Your address is updated, and you’ve officially become a Texas resident. Now is an excellent time to discover all the financial and tax-saving benefits that Texas has to offer. To gain access to the cost-saving benefits in the future, you’ll first need to update the following estate administration and business entity documents.
There are many reasons to use a trust when preparing your estate plan, and there are various types of trusts, each of which has its own advantages and disadvantages, depending on your particular financial and family situation. In this article, presented by Attorney Steven Holman, of the estate planning firm Holman Law LLP, we’ll explore
Many people think they should create a trust, but they don’t quite understand how it might benefit them. A revocable trust can both mitigate your tax burden and help beneficiaries avoid long and costly probate processes. Before you start a trust, though, you must ensure it will work for your goals. If you don’t, you may be wasting time and money and create a big mess for your family.