Texas Asset Protection Resources | Bryan Fagan Law Office

Texas Asset Protection Resources | Bryan Fagan Law Office

Irrevocable Trusts Pros and Cons: A Texas Guide for Families

An irrevocable trust is a powerful estate planning tool, but it's not for everyone. Think of it as a one-way street: once you put assets into it, you generally can't take them back. The significant benefit is robust protection for those assets, shielding them from creditors and helping to minimize estate taxes. The trade-off? You […]

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Browse Asset Protection Articles by CategoryIrrevocable Trust vs Revocable: A Compassionate Guide for Texas Families

At its core, the difference between an irrevocable and a revocable trust boils down to one word: control. Making this choice for your family can feel overwhelming, but our goal is to offer clear, compassionate guidance. A revocable trust is your flexible friend, letting you make changes whenever life calls for it. An irrevocable trust

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Revocable Trust vs. Irrevocable Trust in Texas: A Clear Guide for Families

When you’re planning for your family’s future, the difference between a revocable and an irrevocable trust comes down to one simple idea: control. Understanding this distinction is the key to choosing the right tool to protect your legacy. A revocable trust, often called a living trust, is designed for flexibility. As the creator (known as

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