Trusts & Wills

If you have money to spare, you may want to secure your legacy by contributing to a charitable cause. Many charities would struggle to survive without the generous donations people make. Two of the main ways you can do this are via a charitable lead trust or via a...

Nobody wants their estate to cause family conflict after they die. However, wealth can make some people do things they wouldn't normally do. To discourage disputes, some people add a no-contest clause (also known as an "in terrorem clause") to their will. If it's...

When you have spent years building wealth, protecting it for the next generation becomes more than just a financial decision. It is a personal one. You want your legacy to last, even if your heirs are not quite ready to handle the responsibility that comes with it.  A...

One of the critical tasks that an estate plan accomplishes is ensuring that your assets are passed down to your loved ones in accordance with your wishes. This is sometimes done through a will, but there’s another option that provides you with considerable control and...

People who start or take over successful businesses have many responsibilities. One of their obligations is the preservation of the company for future generations of owners and for the long-term well-being of employees. The structure of the business and ownership...

Trusts are great financial vehicles for preserving generational wealth. But there are potential pitfalls of which those funding the trusts should be aware. One thorny issue that can create problems is the choice of trustee over the funds of your beneficiary. Read on...

An irrevocable trust can be an excellent estate planning tool for protecting and managing your assets for the long term. However, navigating the intricate world of trusts requires careful planning and action. Mistakes can be costly, with the potential of derailing...

A dynasty trust is an estate planning tool that allows you to protect your wealth for generations to come. However, until recently, this was not really an option if you lived in Texas. A 2021 law change now makes it possible. You can now pass on your wealth from...

Texas has had its fair share of family dynasties over the years – both real and on television. However, it wasn’t until less than a year ago that the law changed to allow true dynasty trusts in our state. Texans can now set up dynasty trusts that can last for as long...

While writing your own will may save you a little bit of money, it will cost your family a lot of time, aggravation, and possible legal fees in the future. It’s important to remember that a will is a legal document and drafting one on your own without any legal advice...