Overview of last will and testament in Texas

Other Types Of Trusts

Depending on your needs, an attorney can offer a wide range of estate planning tools. Many of these advanced planning tools are for reducing exposure to estate taxes. Types of trusts that might be discussed include:

Charitbale Remainder Trusts
Charitable Remainder Annuity Trusts (CRAT)
Charitable Remainder Unitrust
Credit Shelter Trusts
Crummy Trusts
Family Limited Partnerships (FLPs)
Generation Skipping Trusts
Irrevocable Life Insurance Trusts (ILIT)
Qualified Personal Residence Trusts (QPRT)

Be sure to work with an attorney that helps you understand fully what you are doing. Many of these trusts take away control of the asset during the grantor's lifetime (for the trade-off of reduced estate taxes). If you are uncertain about what is being proposed, get a second opinion from another attorney. You tax, financial and insurance advisors may be able to help you understand your options and what an attorney is proposing to do.

The Estate Director

Read powerful testimonials for these useful planning tools which can save time and money for a spouse, your executors, trustees, agents acting under powers of attorney and guardians for your children.

"I was an accountant and business manager for over 20 years. I've served as a trustee of a trust, and know the importance of having this information available, especially if it is organized as presented. Most estate plans I've seen don't include anywhere near this amount of information, nor does it include this kind of detail.

I have personally lost two close friends who were attorneys and clients of mine. As I began to work in settling their estates, I was amazed at the amount of information I didn't know and needed. And I hated every call to loved ones to gather that information... continue." - Jerilyn, Retired Accountant

Living Trust Texas

Other Types Of Trusts

The Estate Director