Forums46
Topics537,957
Posts9,731,112
Members87,051
|
Most Online25,604 Feb 12th, 2024
|
|
|
Living Trusts?
#8694920
09/24/22 10:29 PM
|
Joined: Jan 2014
Posts: 390
Stealthjr
OP
Bird Dog
|
OP
Bird Dog
Joined: Jan 2014
Posts: 390 |
Anyone on here do Living Trusts? My mom will be here in November and she wants to go to someone and have a Living Trust done while she is here.
I live near Texas Motorspeedway but would drive 30 minutes or so for someone that comes with a recommendation.
Thanks for any help or advice!
Robert
There's nothing better than killin it and grillin it!
|
|
|
Re: Living Trusts?
[Re: Stealthjr]
#8694930
09/24/22 10:41 PM
|
Joined: Oct 2012
Posts: 25,269
Creekrunner
THF Celebrity
|
THF Celebrity
Joined: Oct 2012
Posts: 25,269 |
You're good to start doing your groundwork now. You need an estate lawyer. Take your time and use as many resources/references (obviously, not just this place) as possible. And, once you pick one, don't be dead set on a single solution like a Living Trust. It might, indeed, be the best solution, but it sounds like your mom is a sharp lady. Surely she'll be open to what an attorney suggests is best for your family's situation.
...and have dominion over the fish of the sea, and over the fowl of the air, and over every living thing that moveth upon the earth. Gen. 1:28
|
|
|
Re: Living Trusts?
[Re: Stealthjr]
#8694957
09/24/22 11:06 PM
|
Joined: Feb 2008
Posts: 14,143
glens
THF Celebrity
|
THF Celebrity
Joined: Feb 2008
Posts: 14,143 |
We went with Trajan Wealth to set up ours. Also hired them to handle our Money after firing our last money advisors (US Capital Advisors) Think they have an Office in Arlington.
|
|
|
Re: Living Trusts?
[Re: Stealthjr]
#8695037
09/25/22 12:24 AM
|
Joined: Jan 2014
Posts: 390
Stealthjr
OP
Bird Dog
|
OP
Bird Dog
Joined: Jan 2014
Posts: 390 |
My mom already has a financial advisor…however she is looking to do a living trust instead of a will to allocate her stuff to who she wishes. (Without the probate and fighting amongst kids)
Thanks for the input so far…always appreciated! (Sincerely)
There's nothing better than killin it and grillin it!
|
|
|
Re: Living Trusts?
[Re: glens]
#8695048
09/25/22 12:33 AM
|
Joined: Feb 2019
Posts: 1,438
Poppa
Pro Tracker
|
Pro Tracker
Joined: Feb 2019
Posts: 1,438 |
We went with Trajan Wealth to set up ours. Also hired them to handle our Money after firing our last money advisors (US Capital Advisors) Think they have an Office in Arlington. also in frisco, glens, are you happy with trajan?
|
|
|
Re: Living Trusts?
[Re: Stealthjr]
#8695121
09/25/22 02:12 AM
|
Joined: Jan 2013
Posts: 3,429
TLew
Veteran Tracker
|
Veteran Tracker
Joined: Jan 2013
Posts: 3,429 |
Highly recommend Jim Lanter -- stand up dude and I'd trust him with ANYTHING. He's located out of Mansfield
|
|
|
Re: Living Trusts?
[Re: Stealthjr]
#8695125
09/25/22 02:16 AM
|
Joined: Apr 2012
Posts: 1,687
SherpaPhil
Pro Tracker
|
Pro Tracker
Joined: Apr 2012
Posts: 1,687 |
For this, you need an estate planning specialist, not somebody who writes wills on the side of his DUI practice. I would go for someone who is Board Certified in Estate Planning and Probate by the Texas Bar. It's means something.
|
|
|
Re: Living Trusts?
[Re: SherpaPhil]
#8695130
09/25/22 02:21 AM
|
Joined: Jan 2013
Posts: 3,429
TLew
Veteran Tracker
|
Veteran Tracker
Joined: Jan 2013
Posts: 3,429 |
For this, you need an estate planning specialist, not somebody who writes wills on the side of his DUI practice. I would go for someone who is Board Certified in Estate Planning and Probate by the Texas Bar. It's means something. Bingo. Again, that's why I suggest https://www.lanter-law.com/
|
|
|
Re: Living Trusts?
[Re: Stealthjr]
#8695132
09/25/22 02:24 AM
|
Joined: Nov 2005
Posts: 5,306
DLALLDER
THF Trophy Hunter
|
THF Trophy Hunter
Joined: Nov 2005
Posts: 5,306 |
It might be a VERY good thing if your mother did some serious research about Trusts. My wife is having to work up the details for her ex employer that died about 2 months ago. The trust that he & his wife set up DID HAVE TO GO TO PROBATE when the wife died in 2012, TOOK 2 YEARS AND MANY $$$$. The remaining part of the trust is now in the process of going to probate AGAIN.
Last edited by DLALLDER; 09/25/22 02:26 AM.
|
|
|
Re: Living Trusts?
[Re: Stealthjr]
#8695141
09/25/22 02:34 AM
|
Joined: Sep 2013
Posts: 484
Uncle Zeek
Bird Dog
|
Bird Dog
Joined: Sep 2013
Posts: 484 |
Hi, I do prepare trusts as part of my estate planning practice. My office is in Lewisville (address in sig line), and you're welcome to ask on the TFF for references from folks I've done work for.
As dlallder pointed out, having a trust does not necessarily avoid probate unless the planning covers ALL assets. You can give me a call Monday, thanks.
Zac
"Decency is not news; it is buried in the obituaries - but it is a force stronger than crime" ~ Robert A. Heinlein Artim Law Firm, PLLC Estate, probate & taxes 2250 Morriss Road, Suite 205, Flower Mound, Texas 75028 972-746-0758 work zac@artimlegal.com
|
|
|
Re: Living Trusts?
[Re: Stealthjr]
#8695177
09/25/22 03:24 AM
|
Joined: Jun 2011
Posts: 33,955
Buzzsaw
THF Celebrity
|
THF Celebrity
Joined: Jun 2011
Posts: 33,955 |
You are smart along with your mom. Hope you don't need it for many years to come. I'm lucky, I have one daughter and she will get everything I have left, if, she doesn't spend it all now
SPACE FOR RENT
|
|
|
Re: Living Trusts?
[Re: Stealthjr]
#8695202
09/25/22 05:08 AM
|
Joined: Apr 2007
Posts: 60,465
BOBO the Clown
kind of a big deal
|
kind of a big deal
Joined: Apr 2007
Posts: 60,465 |
Anyone on here do Living Trusts? My mom will be here in November and she wants to go to someone and have a Living Trust done while she is here.
I live near Texas Motorspeedway but would drive 30 minutes or so for someone that comes with a recommendation.
Thanks for any help or advice!
Robert Just PM’d you the lawyer I used for my moms estate, my estate, kids and spousal trusts etc. All he does is estate/probate/trust etc. He 20min from you in southlake
|
|
|
Re: Living Trusts?
[Re: Stealthjr]
#8695279
09/25/22 12:51 PM
|
Joined: Jan 2014
Posts: 390
Stealthjr
OP
Bird Dog
|
OP
Bird Dog
Joined: Jan 2014
Posts: 390 |
Thanks everyone for the input and recommendations! I think i have enough to make some calls and give it a go.
Cheers!
Robert
There's nothing better than killin it and grillin it!
|
|
|
Re: Living Trusts?
[Re: Poppa]
#8695293
09/25/22 01:09 PM
|
Joined: Feb 2008
Posts: 14,143
glens
THF Celebrity
|
THF Celebrity
Joined: Feb 2008
Posts: 14,143 |
We went with Trajan Wealth to set up ours. Also hired them to handle our Money after firing our last money advisors (US Capital Advisors) Think they have an Office in Arlington. also in frisco, glens, are you happy with trajan? Very satisfied so far.. Folks are very intentive. If you get a Living Trust set up, make sure Everything worth value is in it to avoid probate. That includes the Kitchen Sink.
Last edited by glens; 09/25/22 01:11 PM.
|
|
|
Re: Living Trusts?
[Re: BOBO the Clown]
#8695313
09/25/22 01:39 PM
|
Joined: Nov 2011
Posts: 11,013
Texas buckeye
THF Celebrity
|
THF Celebrity
Joined: Nov 2011
Posts: 11,013 |
Anyone on here do Living Trusts? My mom will be here in November and she wants to go to someone and have a Living Trust done while she is here.
I live near Texas Motorspeedway but would drive 30 minutes or so for someone that comes with a recommendation.
Thanks for any help or advice!
Robert Just PM’d you the lawyer I used for my moms estate, my estate, kids and spousal trusts etc. All he does is estate/probate/trust etc. He 20min from you in southlake BOBO, can ypu PM me the lawyer you recommended. I know one lawyer in southlake and he is an idiot. Want to make sure it isnt him.
|
|
|
Re: Living Trusts?
[Re: Stealthjr]
#8695325
09/25/22 01:47 PM
|
Joined: Apr 2007
Posts: 60,465
BOBO the Clown
kind of a big deal
|
kind of a big deal
Joined: Apr 2007
Posts: 60,465 |
Sent, I’m not sure how someone screws up trusts though if they are a trust lawyer.
If you need a litigation/probate lawyer I have a really good one in Forthworth. He don’t play, he is to expensive just for trusts though
|
|
|
Re: Living Trusts?
[Re: BOBO the Clown]
#8695340
09/25/22 02:12 PM
|
Joined: Sep 2013
Posts: 484
Uncle Zeek
Bird Dog
|
Bird Dog
Joined: Sep 2013
Posts: 484 |
Sent, I’m not sure how someone screws up trusts though if they are a trust lawyer.
If you need a litigation/probate lawyer I have a really good one in Forthworth. He don’t play, he is to expensive just for probate though Most trusts that get 'screwed up' are because all the grantors assets don't get put into it.
"Decency is not news; it is buried in the obituaries - but it is a force stronger than crime" ~ Robert A. Heinlein Artim Law Firm, PLLC Estate, probate & taxes 2250 Morriss Road, Suite 205, Flower Mound, Texas 75028 972-746-0758 work zac@artimlegal.com
|
|
|
Re: Living Trusts?
[Re: Uncle Zeek]
#8695346
09/25/22 02:18 PM
|
Joined: Apr 2007
Posts: 60,465
BOBO the Clown
kind of a big deal
|
kind of a big deal
Joined: Apr 2007
Posts: 60,465 |
Sent, I’m not sure how someone screws up trusts though if they are a trust lawyer.
If you need a litigation/probate lawyer I have a really good one in Forthworth. He don’t play, he is to expensive just for probate though Most trusts that get 'screwed up' are because all the grantors assets don't get put into it. Oh I understand, been through a litigation/probate issue few years back. My point was basically stick to specialized attorney. There are a lot of trusts that are pretty cut and dry, mineral, spousal etc. . Now evaluation for estate planning can be sticky, buy best you can afford. As a lawyer I’m sure you would agree.
|
|
|
Re: Living Trusts?
[Re: Uncle Zeek]
#8695623
09/25/22 09:55 PM
|
Joined: Jul 2013
Posts: 6,036
tlk
THF Trophy Hunter
|
THF Trophy Hunter
Joined: Jul 2013
Posts: 6,036 |
Hi, I do prepare trusts as part of my estate planning practice. My office is in Lewisville (address in sig line), and you're welcome to ask on the TFF for references from folks I've done work for.
As dlallder pointed out, having a trust does not necessarily avoid probate unless the planning covers ALL assets. You can give me a call Monday, thanks.
Zac Probate in Texas is pretty easy and straight forward - lots of living trust are sold to folks over the years that were really not needed - there are certainly other reasons for a living trust but avoiding probate is usually not the reason I suggest using someone like this attorney who is an estate planning attorney
Last edited by tlk; 09/25/22 10:17 PM.
You can't fix stupid
|
|
|
Re: Living Trusts?
[Re: Stealthjr]
#8695639
09/25/22 10:30 PM
|
Joined: Feb 2010
Posts: 11,658
GusWayne
THF Celebrity
|
THF Celebrity
Joined: Feb 2010
Posts: 11,658 |
I believe Uncle Zeek is legit, I would use him if needed
|
|
|
Re: Living Trusts?
[Re: Uncle Zeek]
#8695649
09/25/22 10:41 PM
|
Joined: Jul 2013
Posts: 6,036
tlk
THF Trophy Hunter
|
THF Trophy Hunter
Joined: Jul 2013
Posts: 6,036 |
Sent, I’m not sure how someone screws up trusts though if they are a trust lawyer.
If you need a litigation/probate lawyer I have a really good one in Forthworth. He don’t play, he is to expensive just for probate though Most trusts that get 'screwed up' are because all the grantors assets don't get put into it. I have dealt with irrevocable life insurance trust for many many years - folks spend money to set them up and then do not follow the trust requirements which are: the trustee has to pay the premium - grantor does a gift to the kids (trustees) and then the kids or trustee pays the life insurance premium - this keeps the life insurance proceeds from being part of the estate and keeps it from being taxed - If the grantor ignores the trust and pays the premium directly to the insurance company then the trust becomes worthless -
You can't fix stupid
|
|
|
Re: Living Trusts?
[Re: SherpaPhil]
#8696071
09/26/22 03:45 PM
|
Joined: Feb 2010
Posts: 476
JDP Ranch
Bird Dog
|
Bird Dog
Joined: Feb 2010
Posts: 476 |
My wife is an Estate Planning attorney in Richardson - www.attorneypace.comShe doesn't practice any other areas of law. Estate Planning only. When searching for someone to do estate planning - make sure that's what they focus on.
|
|
|
Moderated by bigbob_ftw, CCBIRDDOGMAN, Chickenman, Derek, DeRico, Duck_Hunter, hetman, jeh7mmmag, JustWingem, kmon11, kry226, kwrhuntinglab, Payne, pertnear, rifleman, sig226fan (Rguns.com), Superduty, TreeBass, txcornhusker
|