Revocable Living Trusts Q&A
from Paul Premack, Probate and Estate Planning

FDIC Deposit Insurance Rules for Trusts: New vs. Old, changes effective April 1, 2024

When you own land in multiple states, your estate may have to go to probate in all of those states. A Living Trust can be the solution...

You are living with someone who is not your spouse, and you recently purchased a home together.

Your goal to protect your son would be enhanced by using a well drafted Trust.

Most states, Texas and Washington included, allow two types of "Last Will and Testament", each with its own technicalities.

We would like to avoid probate using a Revocable Living Trust. Can you run through the pros- and cons- of that type of estate planning?

Does having a Community Property Survivorship Agreement (CPSA) really avoid probate? Does it have to go before a Judge when one of us dies?

2021 Legislation affecting Estate Planning

The intent was to give the share to the “wife” who was wife when the trust was signed, not to some unknown unanticipated future “wife”.

Dear Mr. Premack: My spouse and I have a Revocable Living Trust. The attorney who wrote it for us asked if we wanted the trust terms to...

You are listed without your consent. What can you legally do? First, you need to inform the Trust creators that you do not want the job.

In the Will, you could state that you leave your house to your youngest daughter, under the terms of a Testamentary Trust inside your Will.

Durable power of attorney takes precedence over his individual domain while the Trust takes precedence over the trust’s domain.

The simplicity of the non-testamentary designation can interfere with planning for a more complex goal.

Doctrine of Merger: when trustee and beneficiary are the same person, without restriction on the assets

The court-based probate process is designed to avoid deceit and fraud, but as with any human endeavor it is not perfect. Texas law is clear

Pets are a wonderful addition to many Senior lives, providing companionship and contact that enriches the Seniors’ lives. But a pet is also

Aretha Franklin died in 2018 in Michigan, with an estate that Forbes reports as about $80 million. Three papers have been filed in court. Tw

Estate Planning is for Young Adults, too

This column first appeared in the San Antonio Express News and other Hearst Newspapers on December 28, 2018. Dear Mr. Premack: I received...

This column first appeared in the San Antonio Express News on April 27, 2018 Dear Mr. Premack: My wife and I love animals and have two...

This column first appeared in the San Antonio Express-News on January 12, 2018. Scams against the elderly are all too common. You should...

This column first appeared in the San Antonio Express-News on December 1, 2017. In 2013, the Texas Legislature amended section 112.035 of...

This column first appeared in the San Antonio Express-News on October 24, 2017. Your mother needs to see a Certified Elder Law Attorney...

This column first appeared in the San Antoni0 Express News on January 16, 2017. Dear Mr. Premack: My parents are in their 80’s and have...

This column first appeared in the San Antonio Express News on August 5, 2016. Inheritance expectations run aground Dear Mr. Premack: My...

This column first appeared in the San Antonio Express-News on April 19, 2016. Dear Mr. Premack: The words you use give me concern. Your...

This column first appeared in the Express-News on March 3, 2016. The best way to control the disposition of your assets is to declare...