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From A Texas Estate Planner: The Top Advantages of the Irrevocable Life Insurance Trust (“ILIT”)

From A Texas Estate Planner: The Top Advantages of the Irrevocable Life Insurance Trust (“ILIT”)

by ishutt | Sep 7, 2020 | All Articles, Elder Law, Texas Estate Planning Documents, Trusts and Estate Planning

The Irrevocable Life Insurance Trust is designed to own your life insurance.  What are the advantages?   First of all, what is an Irrevocable Life Insurance Trust (“ILIT”)?   An ILIT is a type of irrevocable trust crafted during your lifetime. ...

Can You Get Reimbursed From the Estate For Parents’ Care?

by ishutt | Jun 13, 2012 | All Articles, Elder Law, Texas Last Will and Testaments

Another great article in Paul Premack’s San Antonio Express-News legal column asks,  “Can a caretaker/child get larger share of estate?” If a child or caretaker takes care of a parent or elderly person for years, it’s only natural to hope for...

How To Prepare For Dementia in Texas

by ishutt | Apr 19, 2012 | All Articles, Elder Law, Texas Estate Planning Documents

Another article in Forbes caught my attention recently.  The article discusses the death of famous newsman, Mike Wallace.  As you may know, Mike Wallace suffered from depression.  His son, Chris Wallace, has also discussed his father’s dementia.  Read the...

Power of Attorney Abuse

by ishutt | Feb 8, 2012 | All Articles, Elder Law, Trusts and Estate Planning

 A recent Wall Street Journalarticle highlights the increasing occurrence of power of attorney abuse.  The article, “Power Grab! Signing Over Power of Attorney to a Loved One Has Never Been Trickier. Here’s What You Need to Know,” discusses how...

Texas Power of Attorney Pointers

by ishutt | Feb 8, 2012 | All Articles, Elder Law, Texas Estate Planning Documents

Here Are Some Texas Power of Attorney Pointers… A power of attorney is an important estate planning document, and it should  be treated with care.  A Texas power of attorney gives someone the legal authority to handle your financial affairs.  This document is...

Thinking about giving away your homestead in Texas

by ishutt | Dec 7, 2011 | All Articles, Elder Law

Do you want to give your house to your kids?  What are the tax consequences to deeding your house in Texas? Yes, you can give away your house in Texas.  The better question is should you give away your house now or wait until you pass away?  Let’s weigh some of...
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Shutt Law Firm's attorneys practice Texas probate, Texas Wills and Estate Planning, and Texas inheritance disputes and estate litigation. The Richardson, Texas law office serves clients in Dallas County, Collin County, Denton County, Tarrant County, and the surrounding DFW metropolex area.

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