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Trusts Archives

Privacy concerns and trusts

There are many benefits that having trusts in one's estate plan can potentially have. One such benefit are privacy benefits. Trusts can sometimes provide a greater degree of financial privacy than other estate planning mechanisms.

Providing after-death support to charities through CLATs

Many people here in Texas have charitable organizations that they strongly admire the work of and care a great deal about. Sometimes, a person will have a desire to not only support the charitable organizations they care about during their lifetime, but to provide such support after their death as well. Estate planning can make fulfilling this desire possible.

Setting up a special needs trust in Texas

When putting together estate plans, if a loved one in your life is living with a disability -- and is mentally unable to manage his or her own finances -- you may want to consider working with an attorney to create a special needs trust. This is an estate planning tool that ensures resources are given to a loved one, without having to worry about that person losing any government assistance. 

Opinion: Former NBA owner's estate planning case instructive

Many of our readers in Texas and elsewhere -- especially sports enthusiasts -- are likely familiar with the sad saga surrounding the Los Angeles Clippers basketball team. Earlier this year, the team’s owner, billionaire Donald Sterling, made racist remarks that resulted in the National Basketball Association banning him for life and seeking to wrest control of the team.

Trusts: Creative and flexible estate planning tools

A couple with a relatively sizable real estate, savings and business portfolio recently posed a question regarding estate planning that they sought to have answered in a newspaper's money-related forum. Their question was logical and their concern quite common, and we pass along the details to our readers in Texas and elsewhere, hoping that they find the subject matter relevant and the advice instructive.

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