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Will or trust?  That is the question. No, this is not the opening of a bad Shakespearean tragedy – it’s the question most of us have to answer when considering our estate plans.  Each of these asset transfer vehicles – a last will and testament (will) and a revocable living trust (trust) – has its advantages and disadvantages.  But here are the reasons why we recommend all our clients start with a revocable living trust as the basis of their estate plan. 1. […]

When a loved one dies without a will, the process of distributing their assets can be a daunting, and often expensive, proposition.  Probating an estate without a will can take months to accomplish, not to mention the hefty attorney’s fees and undue stress to the family and heirs of the decedent. But when the decedent has only a few assets to distribute – including real estate that requires title to be transferred – an affidavit of heirship can act as a convenient, cost-effective […]

TrustBridge Legal provides professional and reliable registered agent services for Texas corporations, limited partnerships, and LLCs, as well as out-of-state entities doing business in Texas.  All clients must sign a standard agent services agreement, which details the terms of our relationship, and a credit card authorization form, to allow automatic billing for annually renewed service. Service tailored to your business We offer three registered agent packages, depending on the type of entity requiring service: $59 per year – Single-member LLCs, professional corporations and […]

If you’re thinking about forming or already own an LLC or corporation, no matter what state you’re in, you’re required to have a registered agent.  Sometimes called a resident agent or statutory agent, business owners must name this entity on business formation documents filed with the state.  These agents act as the company’s point of contact with the state and for service of process, ensuring that you receive notices of lawsuits filed against the business or other legal documents in a timely manner. […]

Choosing an LLC as your new business’s structure is a solid move.  LLCs are relatively easy to create and they provide asset protection and limited personal liability for their owners.  One of the important decisions you must make when forming your LLC is how the company will be managed.  LLCs can either be managed by their members (owners) or by managers (sometimes the owners, but sometimes employees of the LLC).  Which one is right for your LLC?  Here are some considerations to think […]

A revocable living trust (RLT) can be a great estate planning option to avoid probate and assure the private, and often seamless, transfer of your assets to your heirs.  To be effective, however, your RLT must be funded properly, whether during your life or when you pass. The importance of funding a revocable living trust So you’ve consulted with an attorney and you’re now the proud owner of a revocable living trust.  That’s great news, but if you don’t fund the trust timely […]

The limited liability company (LLC) has become arguably the most popular business structure, because it offers personal liability protection for its member-owners and the flow-through tax advantages of an S corporation.  Trusts are popular asset transfer vehicles that provide protection from creditors and probate avoidance.  Using these two powerful planning tools together can create even greater asset and liability protection for business owners.  So whether you’re still thinking about starting a company or already own an LLC, the benefits of this compelling combo […]

Okay, we have to own up to something.  Officially, October 21-27, 2024 is National Estate Planning Awareness Week, but we are so passionate about providing peace of mind to our clients that we extended this important week into a whole month.  It’s tough to convey all the value an estate plan brings you and your family in just one week, so we’ve decided to use the entire month of October to remind everyone of the importance of creating or maintaining an estate plan. […]

Congratulations!  You’ve finished your will or living trust, and you’re basking in the peace of mind you’ve provided for you and your family.  You pat yourself on the back, knowing that all your earthly possessions will be divided fairly and squarely amongst your loved ones, just as you wished.  Life is good. But what happens if a few years down the road you decide to leave a specific asset to a specific person that wasn’t mentioned in your estate plan?  Say you want […]

It’s our favorite month of the year.  That’s right, August is National Make-a-Will month!  It’s the month we remind everyone of the importance of creating or maintaining an estate plan. If you already have a plan in place, great job! You’re enjoying the comfort of knowing you and your family are protected. If it’s been a few years since you signed your documents, August is the perfect time to have your plan reviewed to make sure everything is still in order. Now if […]

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