Blended marriages:  The Unintended Consequences of Dying without a Will or Trust

Author: Montague Morgan 

Sadly, the rules of descent and distribution which apply if someone dies without a will or trust may provide an unexpected outcome.  It has been our experience that many people have common misunderstandings regarding how these rules are applied and are unaware of nuances which modify distributions under specific circumstances.

Is a Revocable Living Trust really your Best Choice?

Author: Randy Beck

Many people have attended a seminar or  have read an article that describes a revocable living trust (RLT) has the greatest thing since sliced bread.  The RLT has many advantages; however, it also has several disadvantages when compared to a Last Will and Testament (Will).

Protecting Your Child's Inheritance- Beck and Associates, PLLCProtecting Your Children’s Inheritance

Author: Randy Beck

Most people either have a very simple Will or no Will at all.  As a result, most surviving children receive their inheritance outright and free of trust.  An outright inheritance isn’t usually a problem unless the child is a minor, gets divorced, gets sued or has creditor issues.  In these types of cases, the inheritance might be taken by the child’s creditors or divorcing spouse.

Wills vs Trusts-Beck and AssociatesWills vs Trusts

Author: Alan Stroud

As a lawyer who prepares a lot of Wills and Trusts, I frequently meet with prospective clients who are unsure if a Will or a revocable living trust (or “RLT”) would best meet their needs.  Typically a well drafted Will would suffice because the actual number of people in Texas that actually “need” an RLT are very few.