by Keith Hajovsky | Sep 12, 2024 | General Estate Planning, Living Trusts, Trusts, Wills
“Do I still need a will if I get a trust?” is a question that I get often when people approach me about getting a living trust created to help take care of their estate planning needs. Although living trusts aren’t necessary in Texas as much as in some other states,...
by Keith Hajovsky | Jun 26, 2024 | General Estate Planning, Living Trusts, Trusts
Unlike a testamentary trust which is created through a will and doesn’t come into being until you die, a living trust, sometimes called an inter vivo trust, is created and funded while you are still alive. Unfortunately there are lots of advertisements out there that...
by Keith Hajovsky | Apr 10, 2024 | Estate Administration, General Estate Planning, Living Trusts, Probate, Testamentary Trusts, Trusts, Wills
An executor and a trustee play very large and important roles in your estate plan. But what’s the difference between an executor and a trustee? Knowing what their roles are can help you make better choices for these positions. An executor is the person you name in...
by Keith Hajovsky | Mar 13, 2024 | Living Trusts, Testamentary Trusts, Trusts
Can a trust be amended or terminated? Sometimes a grantor, also called a settlor, of a trust (the person who created the trust) or a trust beneficiary ends up not liking some of the wording of a trust. Or sometimes life circumstances in general change so much that the...
by Keith Hajovsky | Jan 17, 2024 | General Estate Planning, Living Trusts, Testamentary Trusts, Trusts
Testamentary trusts are powerful estate planning tools that every estate planning attorney should discuss with their clients. When most people think of trusts, they think of something that is completely separate from a will. A testamentary trust is actually a trust...
by Keith Hajovsky | Oct 4, 2023 | 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...
