by Keith Hajovsky | Apr 23, 2025 | Asset Protection, Testamentary Trusts, Trusts, Wills
Someone recently asked me: What is a testamentary trust? A testamentary trust is a trust that is spelled out in your will. However, it does not actually become a legal, functioning trust until after you pass away and your will is probated. At that time the trust...
by Keith Hajovsky | Apr 2, 2025 | Asset Protection, Estate Administration, General Estate Planning, Intestate - Dying Without A Will, Probate, Wills
In Texas, whether or not estate taxes will need to be paid when you die greatly depends on the size of your estate. Luckily for the vast majority of us, there is no need to worry. First of all, there is not an estate tax, sometimes called a “death tax”, at the state...
by Keith Hajovsky | Mar 26, 2025 | Asset Protection, General Estate Planning, Living Trusts, Trusts
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 an irrevocable living trust, then you could have asset protection due...
by Keith Hajovsky | Feb 12, 2025 | Asset Protection, General Estate Planning, Trusts
Estate planning is important for everyone whether they have children or not, but having the right documents, like a special needs trust, in place is perhaps even more important for people who have a special needs child. If a parent of a special needs child does not...
by Keith Hajovsky | Jan 21, 2025 | Asset Protection, General Estate Planning, Living Trusts, Trusts
A living trust in Texas is advertised all the time as a “must have” estate planning tool, but unfortunately many of these trust products are simply scams. It’s gotten so bad that the Texas Bar put out a pamphlet titled LIVING TRUST SCAMS AND THE SENIOR...
by Keith Hajovsky | Jul 3, 2024 | Asset Protection, General Estate Planning, Trusts
If you plan to leave assets to your children then it’s definitely a good idea to create either a testamentary trust or a living trust for them in your estate plan, especially if they are minors or possibly even if they are still young adults. It’s generally not a good...
