Top Menu

Archive | General Estate Planning

Can I Create A Trust For Someone Else For Asset Protection?

Although you cannot create a trust for yourself with the goal of asset protection, you can create a trust for someone else with asset protection in mind. And these protections can come in two forms. The assets can be protected from potential poor money management skills by the beneficiary of the trust. Likewise, these assets […]

Continue Reading 0

Can I Create A Living Trust For Myself In Order To Protect My Assets?

Many people wonder if they can create a living trust for themselves in order to protect their assets. In Texas you cannot do this as long as you have direct control over the assets. If you created what is called an irrevocable trust, then you could have asset protection due to the trust. However, you […]

Continue Reading 0

Will The Money In My Bank Account Pass Through My Will?

Most people incorrectly believe that the money in their bank account will automatically pass through their will in whatever way the will dictates. However, it is very common for a bank account to be opened either as a JTWROS (“joint tenants with right of survivorship”) account or as a POD (“payable on death”) account. In […]

Continue Reading 0