At 1st Estate Planning, we’re your primary source for all matters concerning estate planning and asset protection in Texas. This post will explore a pivotal element of estate planning: the funding of a trust. If you’re seeking guidance on guaranteeing a seamless and efficient transfer of your assets, you’ve found the ideal resource. Understanding Trust…

Dear Client, Creating a business entity is a common strategy for business owners and as part of estate planning. This correspondence is intended to advise you regarding a new law called the Corporate Transparency Act (CTA). The new law now requires business owners to identify all individuals defined as “beneficial owners” to the federal government.…

At 1st Estate Planning in Texas, we often receive questions about what happens to a trust after the grantor passes away. It’s an important aspect of estate planning that deserves clarity. Let’s dive into the essentials of trust administration after the death of the grantor. The Role of the Trustee in Texas Trusts After Death…

When planning your estate, it’s natural to focus on what’s included in your will. However, it’s equally important to consider what happens to assets not covered in your will. As estate planning and asset protection professionals in Texas, 1st Estate Planning often needs clarification on these ‘unwilled’ assets. This article will explore how these assets…

At 1st Estate Planning in Texas, clients are often curious about the benefits of opening a trust. Trusts are not just legal arrangements; they’re a proactive step towards safeguarding your family’s future. Let’s dive into why establishing trust can be crucial to your estate planning. Understanding Trusts A trust is more than a legal document;…

At 1st Estate Planning, we understand that overcoming the probate process in Texas can be challenging. Probate is the legal process through which a deceased person’s will is validated, and their estate is administered. An integral part of this process involves addressing any outstanding debts and taxes. We’re here to guide you through these complexities…

When it comes to estate planning and asset protection, understanding tax implications is crucial. At 1st Estate Planning in Texas, we believe in making complex legal concepts understandable. This guide will explore various aspects of estate taxes and how they can affect your estate planning decisions. Remember, effective planning can save you and your beneficiaries…

Hello from 1st Estate Planning, your Texas-based guide in the complex world of estate planning. Today, we’re addressing a crucial question many of you might have: Can a will be contested? It’s a straightforward query, but the answer can be pretty intricate. In this post, we’ll explore the reasons and processes behind contesting a will…

Trusts are a vital component of estate planning, offering a way to manage your assets during and after your lifetime. But we often hear a common question: “Can I change my trust?” Let’s dive into this topic, exploring the flexibility and limitations of trust modifications under Texas law. Understanding Your Trust Understanding the type of…

At 1st Estate Planning, we understand that choosing a trustee for your trust in Texas is a significant decision. It’s not just about picking someone; it’s about choosing the right person to manage your trust effectively and in line with your wishes. Let’s dive into what you should consider when selecting a trustee in Texas.…