That’s a RAP
Recent changes to the rule against perpetuities in Texas, and what it might mean for your trust.
300-Year Trusts, Texas Style
Texas revises its rule against perpetual trusts and extends the permitted duration of Texas trusts to 300 years. This is a huge change in Texas law, assuming it survives Constitutional attack.
For Better or Worse…
Protecting assets in the event of divorce is one of the primary reasons many opt to leave their children’s inheritance in trust. This article provides a good overview of the considerations.
Discard Your Cotton Swab, But Give Someone Your QTIP
Creative planning for marital (QTIP) trusts – a roadmap for using assets in QTIP trusts for possible gifting in 2021.
The Lowdown on SLATs
As Congress proposes to decrease the gift and estate tax exemptions dramatically in 2022, the interest in Spousal Limited Access Trusts has accelerated. This article gives a good overview of these “SLATs” and some accompanying issues to consider.
Trusts in All Sizes
Trusts can accomplish many purposes. Here are just a few.