Contact Us Today 979-703-7014
Contact Us Today

News & Articles

Can You Use a Special Needs Trust for Medicaid

Can You Use a Special Needs Trust for Medicaid?

Posted by Chris Peterson | Nov 30, 2024 | 0 Comments

A Special Needs Trust (SNT) helps individuals with disabilities maintain Medicaid eligibility by holding assets outside of their countable resources. There are different types of SNTs, including First-Party, Third-Party, and Pooled Trusts, each serving unique needs. These trusts cover expenses Medicaid doesn’t, like therapies, education, or recreation, while safeguarding government benefits. Setting up an SNT requires careful planning with an estate planning attorney to ensure compliance with Texas and federal laws, making it a valuable tool for protecting your loved one’s financial future.

what is first party special need trust

What Is a First-Party Special Needs Trust?

Posted by Chris Peterson | Nov 29, 2024 | 0 Comments

A First-Party Special Needs Trust is a legal tool that allows individuals with disabilities to protect their own assets, such as settlements or inheritances, while maintaining eligibility for government benefits like Medicaid and SSI. These trusts, managed by a trustee, can fund various expenses that enhance the beneficiary’s quality of life without affecting their benefits. In Texas, setting up a trust requires careful planning and legal guidance to ensure compliance with state and federal rules, including Medicaid payback after the beneficiary’s passing.

how does estate planning protect assets

How Does Estate Planning Protect Assets?

Posted by Chris Peterson | Nov 28, 2024 | 0 Comments

Estate planning protects your assets from taxes, creditors, lawsuits, and probate while ensuring a smooth transfer to your loved ones. In Texas, tools like living trusts, homestead exemptions, LLCs, and irrevocable trusts provide strong safeguards. Proper planning also minimizes taxes and prepares for unexpected events like incapacity or long-term care. Working with a Texas estate planning attorney ensures your plan complies with state laws and secures your legacy for the future.

how much does a living trust cost in texas

How Much Does a Living Trust Cost in Texas?

Posted by Chris Peterson | Nov 27, 2024 | 0 Comments

Creating a living trust in Texas typically costs between $2,500 and $5,000 when working with an attorney, with additional fees for notary services, asset transfers, and updates. While DIY options are cheaper, hiring a living trust attorney ensures your trust complies with Texas law and meets your unique needs. A living trust helps avoid probate, provides privacy, and secures your family’s future, making it a worthwhile investment for many Texans.

how to create a living trust in texas

How to Create a Living Trust in Texas

Posted by Chris Peterson | Nov 26, 2024 | 0 Comments

Creating a living trust in Texas can protect your assets, avoid probate, and make life easier for your loved ones. This guide walks you through the steps, explains the benefits, and helps you avoid common mistakes. Whether you own property, investments, or a small business, a living trust may be ...

can a living trust be contested

Can a Living Trust Be Contested?

Posted by Chris Peterson | Nov 25, 2024 | 0 Comments

Creating a living trust is often seen as a way to avoid family disputes and streamline estate planning. However, while living trusts are harder to contest than wills, they are not immune to challenges. If you're wondering whether a living trust can be contested, the answer is yes—but it's not eas...

How Much Does It Cost to Set Up a Living Trust

How Much Does It Cost to Set Up a Living Trust?

Posted by Chris Peterson | Nov 24, 2024 | 0 Comments

Setting up a living trust is an essential step in estate planning. Many Texans wonder how much it costs and whether it's worth it. With flat-fee pricing, the process can be clear and straightforward, giving individuals and families peace of mind without surprises. Here's everything to know about ...

Does a Living Trust Need to Be Recorded in Texas

Does a Living Trust Need to Be Recorded in Texas?

Posted by Chris Peterson | Nov 23, 2024 | 0 Comments

If you're considering a living trust, you might wonder whether it needs to be recorded in Texas. The short answer? No, living trusts are private documents and don't need to be recorded. However, there's more to the story, and understanding the details can help you make informed decisions about yo...

How Does a Living Trust Survive Death

How Does a Living Trust Survive Death?

Posted by Chris Peterson | Nov 22, 2024 | 0 Comments

A living trust is one of the most effective tools in estate planning. It helps ensure your assets go where you want, without the headaches of probate. But what happens to a living trust when you pass away? Let's break it down step by step so you know exactly how a living trust survives death. Wh...

can there be two trustees in a living trust

Can There Be Two Trustees in a Living Trust?

Posted by Chris Peterson | Nov 21, 2024 | 0 Comments

When you create a living trust, choosing the right trustee is a big decision. But what if you want two trustees to manage it together? This article explores whether having two trustees is possible, the pros and cons, and what you should consider when deciding. What Is a Living Trust?   A living...

minimize-estate-taxes-texas

How can I minimize estate taxes in Texas?

Posted by Chris Peterson | Sep 27, 2023 | 0 Comments

With careful planning and knowledge of the tax laws in Texas, you can take steps to minimize estate taxes and ensure that more of your hard-earned assets go to your loved ones. In this blog post, we'll explore several strategies that can help you reduce estate taxes in Texas.

what-is-living-trust-texas

What is a living trust, and should I consider one in Texas?

Posted by Chris Peterson | Sep 22, 2023 | 0 Comments

A living trust, also known as a revocable trust or inter vivos trust, is a legal entity that holds your assets during your lifetime and allows for the seamless transfer of those assets to your chosen beneficiaries upon your passing. Unlike a will, a living trust can avoid probate, which is the legal process of distributing a deceased person's assets.

what-is-will-need-Texas

What is a will, and do I need one in Texas?

Posted by Chris Peterson | Aug 25, 2023 | 0 Comments

When it comes to planning for the future, one of the most crucial legal documents you should consider is a will. A will, also known as a last will and testament, is a legal instrument that outlines your wishes for the distribution of your assets and the care of your dependents after your passing....

Essential-Documents-Estate-Planning-Texas

Essential Documents for Estate Planning in Texas

Posted by Chris Peterson | Aug 22, 2023 | 0 Comments

Estate planning is a crucial step in ensuring that your assets are distributed according to your wishes and your loved ones are taken care of in the event of your passing. Texas, like every state, has its own set of laws and regulations governing estate planning. To navigate this process effectiv...

  • 2 of 30
Peterson Law Group
979-703-7031 (fax)
Mon: 08:30am - 05:30pm
Tue: 08:30am - 05:30pm
Wed: 08:30am - 05:30pm
Thu: 08:30am - 05:30pm
Fri: 08:30am - 05:30pm

Menu