Private property is part of every good estate plan
It's important to include every valuable asset into your estate plan, which includes public or private property and all of the contents inside. If you own multiple properties in Texas, the process could become complicated, so familiarize yourself with the potential...
How can an irrevocable life insurance trust (ILIT) be used?
Insurance is an important asset to have as you build or prepare an estate. What the insured in Texas face, however, are taxable annuity withdrawals. Without something in place to shelter your payouts from taxes, you’re exposed to the full extent of the tax law. The...
Pros and cons of a corporate fiduciary
Texas allows you to assign a corporate fiduciary for your estate plan or trust. There are many reasons why you may decide a corporate fiduciary is best. You might not have a young, healthy and responsible person whom you can choose. Carefully weigh the pros and cons...