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PROTECTING YOU, YOUR FAMILY, YOUR FUTURE | SCHEDULE AN APPOINTMENT | CALL US TODAY! (832) 408-0505

GP Schoemakers, PLLC

Protecting You, Your Family, Your Future

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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

FAQs – Trust Modifications

FAQs – TRUST MODIFICATIONS

“Estate planning is an important and everlasting gift you can give your family.
And setting up a smooth inheritance isn’t as hard as you might think.”
– Suze Orman

Frequently Asked Questions

Q: The trustee of my trust just isn’t working out.  Can I change the trustee?  I’m afraid I’m stuck because the trust is irrevocable. Please help!

A: You may be in luck because most trust modifications we make involve changing the trustee.  Unfortunately, we can only answer generally here because we don’t know the details of your trust or your individual situation, but, yes, often the trustee can be changed, even if the trust is irrevocable. Please call our office ASAP to get on the schedule; we’ll review your trust and let you know the best way to proceed.

Q: I’m the beneficiary of a trust set up by my spouse when she died.  The tax laws have changed significantly since then.  Do I have to go to court to change the terms of the trust?

A: Not necessarily.  The simplest way to modify the trust would be if there are provisions within the trust that allow a private modification.  Look for “trust protector” provisions.  If you’d like help interpreting your trust and get an overview of your options, we’d be happy to review the trust.

Q: What does a trust protector do?  Do I need one?

A: A trust protector’s duty is to make sure the trust maker’s intent is carried out.  And, yes, we use trust protectors in all of our trusts to make sure changes in the law or changes in circumstances don’t frustrate the trust maker’s intent.  The trust protector has the power to modify your trust to meet your wishes without hauling your loved ones into court.

Q: I feel as though I’m always battling with my deceased husband’s children as they are the remainder beneficiaries of my trust.  I don’t like having to ask for A, B, and C.  I’d rather have a fixed amount that comes each month so I can count on that income and not deal with my stepchildren’s lawyer.  What can I do?

A: This may be a good case to have the trust converted to a unitrust, so monthly payments are guaranteed and conflict is reduced.  That being said, we wouldn’t want you to give up your right to the principal if you need it.  Let’s talk about it.

Q: I set up a trust for my grandchildren years ago and everything has changed since them.  Can I revoke that trust and start over?

A:  What you can do is “decant” your trust, meaning you can take the assets from the original trust and pour them into a new trust, with new and more favorable terms.  Decanting essentially would give you the results you’re looking for.

Call or contact the Law Offices of GP Schoemakers today to arrange a consultation with a reputable estate planning lawyer in League City, Texas.  Attorney Schoemakers will meet with you to discuss your situation.

Trust attorney Schoemakers to help you determine the best way to manage your estate.  Call now to schedule an appointment with an estate planning lawyer in League City, TX.

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