by Paul Tipton | Jul 1, 2019
Terminology. Living trusts are technically called “revocable trusts.” They are also informally called “living trusts” because the trusts can be set up and operate while someone is living. They are generally revocable, meaning that they can be revoked or changed in...
by Alexander McCann | Feb 28, 2019
In Texas, as in many states, people often set up trusts as part of an estate plan. There are many different kinds of trusts, including real estate trusts and business trusts, but we will ignore those for the moment to talk more generally about what a trust is, and...
by Paul Tipton | Feb 18, 2019
An unfortunate truth for parents having children later in life is that they may not live to see their child grow to full adulthood. Or be around to help. Here are ten important things to consider, although they may not all apply to a given situation. 1) Child’s...
by Alexander McCann | Feb 14, 2019
Estate planning normally requires families to make lists and inventories of the accounts, valuables, properties, and other things that people will need to keep track of when loved ones pass away. But certain things can be easy to forget about because they’re not...
by Paul Tipton | Feb 11, 2019
As a young trial lawyer, I chafed waiting my turn in the probate courts as the cases were called one after another. I had other cases and clients demanding attention. But I gradually began to wonder about the people who had died and whose affairs were being settled....
