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trusts

Difference between permanent and temporary guardianships

What Is The Difference Between Permanent And Temporary Guardianships In Texas?

If you care for a loved one as a guardian, questions about the relationship between a guardian and their ward or estate are likely at the forefront of your mind. Texas expects a lot from guardians, and a guardian has legal obligations to protect the interests of their ward or estate. We hope to answer …

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Disabilities

ABLE Accounts: For People With Disabilities In Texas

Many people with disabilities and special needs depend on programs like Social Security and Medicaid to provide income and health care. However, these benefits have an asset and income threshold, and people may lose their eligibility to receive the benefits unless they meet the financial requirements. The ABLE act was established to help eligible individuals …

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Guardianship

Using the Least Restrictive Alternatives to Avoid Guardianship

Creating a Texas guardianship is necessary to protect an individual who cannot care for or protect themself. This situation can occur when a person sustains an injury following an accident, experiences memory loss due to old age, or has had a traumatic brain injury. When a guardian is needed, there are means to make it …

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About guardianship

What Is the Difference Between Disability and Incapacity in Relation to Guardianship?

The idea of disability and incapacity are often used interchangeably in the general public. In relation to guardianship, if an individual is disabled or incapacitated, it will help determine the best alternatives in setting up an appropriate guardianship for that individual. In a broad sense, these terms are useful to describe the challenges or limitations …

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Married couples

What Are QTIP Trusts and Why Married Couples Should Get One?

A Qualified Terminable Interest Property Trust (QTIP) is a marital deduction trust that is an irrevocable marital trust between spouses, to ensure a decedent’s property will give lifetime income to a surviving spouse. After the death of the surviving spouse, the QTIP will then pass the property to other named beneficiaries. The QTIP differs from …

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