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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

Trustee

3 Powers to Consider Giving to a Trust Protector

March 15, 2022 By Gratia P. Schoemakers, Esq.

Trust Protector

Today many estate plans contain irrevocable trusts that will continue for the benefit of a spouse’s lifetime and then for the benefit of several generations.  Since these trusts are designed to span multiple decades, they must include a trust protector who will have the ability to adjust the trust provisions as circumstances, beneficiaries, and governing […]

Filed Under: Trusts Tagged With: Beneficiaries, Trust Protector, Trustee

How Is a Corporate Trustee Different? 

February 23, 2022 By Gratia P. Schoemakers, Esq.

Corporate Trustee

In its simplest terms, a trust is a legal arrangement in which a trustee holds and manages assets for the benefit of one or more beneficiaries. The trustee owns the assets, enters into contracts on behalf of the trust, manages the trust’s investments as its trustee, and follows the trust’s instructions on making distributions. A […]

Filed Under: Estate Planning, Trusts Tagged With: Trustee

Who Should be Your Successor Trustee?

August 23, 2018 By Gratia P. Schoemakers, Esq.

Trusts wordcloud

If you have a revocable living trust, you probably named yourself as trustee so you can continue to manage your own financial affairs, but eventually, someone will need to step in for you when you are no longer able to act due to incapacity or after your death.  Your successor trustee plays an important role […]

Filed Under: Design, Estate Planning, Trusts Tagged With: Executor, Living Trust, Successor Trustee, Taxes, Trustee

How to Choose a Trustee

August 23, 2018 By Gratia P. Schoemakers, Esq.

key takeaways

When you establish a trust, you name someone to be the trustee.  A trustee does what you do right now with your financial affairs – collect income, pay bills and taxes, save and invest for the future, buy and sell assets, provide for your loved ones, keep accurate records, and generally keep things organized and […]

Filed Under: Estate Planning, Trusts Tagged With: Trustee

Should Your Child’s Guardian and Trustee be the Same Person?

August 23, 2018 By Gratia P. Schoemakers, Esq.

mother 84628 1920

If you have overheard any discussion about estate planning, you have likely heard the words “guardian” or “trustee” tossed around in the conversation.  When it comes to estate planning, who will be ultimately in charge of your minor child is an important decision that requires consideration of many factors.  Although there is no substitute for […]

Filed Under: Estate Planning, Guardianship Tagged With: Children, Estate Plan, Guardians, Minor Children, Tips, Trust, Trustee

How to Pick a Trustee, Executor, and Agent Under a Power of Attorney

August 23, 2018 By Gratia P. Schoemakers, Esq.

duck and hatchlings

While the term fiduciary is a legal term with a rich history, it very generally means someone who is legally obligated to act in another person’s best interests.  Trustees, executors, and agents are all examples of fiduciaries.  When you pick trustees, executors, and agents in your estate plan, you’re picking one or more people to […]

Filed Under: Estate Planning, POA, Trusts Tagged With: Estate Plan, Executor, Financial POA, Medical POA, Power of Attorney, Tips, Trustee

One Call You Must Make After You Buy a Home (That You’ve Probably Forgotten)

August 23, 2018 By Gratia P. Schoemakers, Esq.

real estate agents 2523247 1920

During the home buying process, you worked with a lot of individuals: your realtor, the seller’s realtor, the title company, the loan officer, and the home inspector.  Now that you have finalized the purchase of your house, there is one more expert you need to call: your estate planning attorney. Aligning Your Ownership with Existing […]

Filed Under: Estate Planning, Home/Property Ownership Tagged With: Executor, Guardians, Trust, Trustee

Don’t Leave Your Trust Unguarded: 6 Key Ways a Trust Protector Can Help You

August 4, 2016 By Gratia P. Schoemakers, Esq.

Trust protectors are a fairly new and commonly used protection in the United States. In short, a trust protector is someone who serves as an appointed authority over a trust that will be in effect for a long period of time. Trust protectors ensure that trustees: maintain the integrity of the trust, make solid distribution […]

Filed Under: Estate Planning Tagged With: Trust, Trust Protector, Trustee

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