by Keith Hajovsky | Oct 22, 2026 | Asset Protection, Testamentary Trusts, Trusts, Wills
Executive Summary A testamentary trust is a trust written into a will that only becomes a functioning legal entity after you pass away and your will is probated. Key Takeaways Delayed Activation: It only takes effect after death, unlike a living trust which functions...
by Keith Hajovsky | Sep 25, 2026 | Asset Protection, General Estate Planning, Living Trusts, Trusts
Executive Summary: A revocable living trust provides no creditor asset protection in Texas if you keep control of the assets. However, Texas law inherently grants strong protections without a trust: Homestead Law: Texas Property Code Chapter 41 fully protects primary...
by Keith Hajovsky | Aug 12, 2026 | Asset Protection, General Estate Planning, Trusts
Executive Summary: Estate planning is especially important for parents of a special needs child. Improperly leaving assets directly to a special needs child can jeopardize important government benefits. SSI and Medicaid are needs-based programs with strict income and...
by Keith Hajovsky | Jul 22, 2026 | Asset Protection, General Estate Planning, Living Trusts, Trusts
Quick Answer: The most common situations for when creating a living trust makes sense are: You own real estate outside of Texas. You really want to try to avoid probate on your estate to save time and money. You think you have a high chance of becoming mentally...
by Keith Hajovsky | Jul 15, 2026 | General Estate Planning, Living Will, Medical Power of Attorney, Power of Attorney, Trusts, Wills
What is estate planning? First of all, almost everyone has an estate, because an estate is merely made up of everything a person owns – cars, real estate, checking accounts, investment accounts, furniture, clothes, etc. So, dear reader, you are pretty much guaranteed...
by Keith Hajovsky | Jul 2, 2026 | General Estate Planning, Probate, Trusts
A spendthrift trust can be a very powerful estate planning tool if you want to leave assets to someone who isn’t good with money. I have always said that everyone has their strengths, i.e. things that they are good at. Some of us are very artistic. Some of us...
