Bypass Trusts What is a Bypass Trust and when would I want one? Bypass Trusts are usually created for married couples, and they’re sometimes called “A-B Trusts” or “Credit Shelter Trusts”. Here’s how they work: The spouses create a...
Texas estate planning attorneys always think about how the Federal ESTATE TAX (“death tax”) affects clients’ estate plans, especially those Texas trusts. If you have an older trust document and haven’t met with your estate...
Texas estate planning attorneys have been buzzing about the SECURE ACT and how it affects clients’ estate plans, especially those Texas trusts. If you haven’t met with your estate planning attorney lately to review your trust agreement, the...
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. ...
Let’s be honest, the talking heads on the news recommend trusts as an estate planning tool. What kind of trust is better, though? Revocable trust or irrevocable trust? We recommend BOTH revocable trusts and irrevocable trusts, but which type is...
