Few Texas parents want to think about how their kids would fare if they lost both parents in an unexpected tragedy. In fact, parents spend so much time organizing and planning every aspect of their beloved children's lives that they often fail to give any consideration to what might happen to those plans in the event of such a loss. Having a solid estate planning package in place is an excellent way to protect against the worst-case scenario. Getting the job done also delivers a sense of relief and satisfaction, which is well worth the time and effort it takes to put one's intentions into writing.
Taking good care of the kids includes solid estate planning
Should beneficiaries know about trusts ahead of time?
Many Texas parents, and even grandparents, often want to make sure that their young loved ones are provided for in the event of their passing. It is common for individuals to use estate planning tools, like trusts, to protect and allocate assets. However, some people may wonder whether those beneficiaries should know that the trusts exist.
