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  • Home
  • About Us
    • Gratia Schoemakers
      • Community Outreach Program
    • Testimonials
  • Virtual Services
  • Estate Planning
    • Estate Planning Basics
    • Last Will and Testament
    • Revocable Living Trusts
    • Durable Power of Attorney
    • Medical Power of Attorney
    • Living Will
    • Family Estate Planning
    • LGBTQ Estate Planning & Asset Protection
    • Kids Safety Plan™
    • Business Succession Planning
    • Guardianship
      • Guardianship Planning
    • Special Needs Planning
    • Legacy Preservation Planning
    • Asset Protection
    • Trusts
    • Pet Trusts
    • Gun Trusts
  • Probate
    • Texas Probate Guide
    • Probate of a Will
    • Texas Affidavit of Heirship
    • Texas Small Estate Affidavit
    • Texas Heirship Determination
    • Texas Muniment of Title
    • Trust Administration
  • Family Law
    • Divorce
    • Collaborative Divorce
    • Mediation
    • Custody / Visitation
  • Blog
  • FAQs
    • FAQs – Videos
    • FAQs – Estate Planning
    • FAQs – Beyond Money in Estate Planning
    • FAQs – Divorce and Estate Planning FAQs and Myths
    • FAQs – Estate Planning for Newlyweds Myths and FAQs
    • FAQs – Estate Planning for Young Adults
    • FAQs – The Estate Planning Cast of Characters
    • FAQs – Expecting an Inheritance
    • FAQs – Myths and FAQs – Planning for Conflict Prone Families
    • FAQs – New and Expanding Families
    • FAQs – Pet Trusts
    • FAQs – Probate
    • FAQs – Standalone Retirement Trust Myths and FAQs
    • FAQs – Trust Modifications
    • FAQs – Unwinding Obsolete Planning
    • FAQs – Why You Want to Avoid Probate
    • FAQs – Year-End Planning Myths and FAQs
  • Contact
    • Virtual Estate Planning Login
    • Client Portal

Trusts

Did Whitney Houston Leave Too Much Money To Bobbi Kristina?

March 20, 2023 By Gratia P. Schoemakers, Esq.

Whitney Houston Bobbi Kristina

Whitney Houston’s estate was worth approximately $20 million when she died – plenty to meet the needs of her only daughter – Bobbi Kristina. Sadly, only a few years after Houston’s death, Bobbi Kristina died as well.  Although Bobbi Kristina’s previous boyfriend, Nick Gordon, is still a suspect in her murder, many say that having […]

Filed Under: Trusts, Wills Tagged With: Bobbi Kristina, Estate, Trusts, Whitney Houston, Wills

5 Mistakes Made by Successor Trustees (and How To Prevent Them)

February 20, 2023 By Gratia P. Schoemakers, Esq.

Mistakes Trustee Successors

When establishing a trust, you need to give serious thought to choosing your successor trustee—the person who will administer your trust once you’re no longer able to do so. This individual ideally should be: That said, even the most capable, well-intentioned successor trustees can make mistakes when managing affairs. Here are five surprisingly common mistakes […]

Filed Under: Trusts Tagged With: Mistakes, Preventing, Trustees

3 Examples of When an Irrevocable Trust Can and Should Be Modified

February 10, 2023 By Gratia P. Schoemakers, Esq.

Irrevocable Trust Modified

Did you know that irrevocable trusts can be modified? If you didn’t, you’re not alone. The name lends itself to that very belief. However, the truth is that changes in the law, family, trustees, and finances sometimes frustrate the trust maker’s original intent. Or, sometimes, an error in the trust document itself is identified. When […]

Filed Under: Trusts Tagged With: Family Law, Irrevocable Trust, Modified

Sonny Bono’s Procrastination in Creating a Will Led to Years of Estate Battles

November 16, 2022 By Gratia P. Schoemakers, Esq.

Procrastination and Wills

Sonny Bono, the singer, songwriter, restauranteur, and former Congressman, died in a tragic ski accident in 1998 at the age of 62. His net worth was just under $2 million at the time of his death, yet Bono did not have a will. Apparently, he meant to have one drawn up, but simply never got […]

Filed Under: Estate Planning, Trusts, Wills Tagged With: Celebrities, Dying Intestate

Stress Test Your Estate Plan

October 3, 2022 By Gratia P. Schoemakers, Esq.

Stress test estate plan

So, you have done the hard work of establishing an estate plan.  Good for you!  However, you still have serious work to do to ensure that the strategy you have selected will maximize your peace of mind and protect your legacy. Estate plans should be like living, breathing creations that reflect the changes in your […]

Filed Under: Design, Estate Planning, Trusts, Wills Tagged With: Estate Plan

3 Simple Ways to Avoid Probate Costs

September 5, 2022 By Gratia P. Schoemakers, Esq.

probate costs

The bad news: probated estates are subject to a variety of costs from attorneys, executors, appraisers, accountants, courts, and state law.  Depending on the probate’s complexity, fees can run into tens of thousands of dollars. The good news: probate costs can be reduced by avoiding probate.  It’s really that simple. Here are three simple ways […]

Filed Under: Estate Planning, Trusts, Wills, wwPROBATE Tagged With: Beneficiaries, Cost, Living Trust, Probate, Probate Costs, Probate Court, Property

Your Cyber Legacy: 3 Tips For Your Digital Assets

August 22, 2022 By Gratia P. Schoemakers, Esq.

digital assets

There’s an entire category of commonly-overlooked legacy to consider – digital assets. Don’t worry if you didn’t consider these assets when made your will or trust – it’s surprisingly common and, luckily, easy to correct. What are digital assets? They include: These assets can have real value, such as virtual currency accounts, a URL, or […]

Filed Under: Estate Planning, Trusts Tagged With: Digital Assets

Wills, Trusts & Dying Intestate: How They Differ

August 16, 2022 By Gratia P. Schoemakers, Esq.

Wills, trusts & dying intestate

Most people understand that having some sort of an estate plan is, as Martha Stewart would say, a “good thing.” However, many of us don’t take the steps to get that estate plan in place because we don’t understand the nuances between wills and trusts – and dying without either. Here’s what will generally happen […]

Filed Under: Design, Estate Planning, Trusts, Wills, wwPROBATE Tagged With: Adult Children, Dying Intestate, No Will, Privacy, Trust, Will, Will vs Trust

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