Attorney Tawana Gray helped my family tremendously with our estate planning endeavors. She was extremely knowledgeable and answered all of our questions throughout the process. In my opinion, Attorney Gray is a top-tier law expert and a pleasure to work with. All of our needs and desires were met and exceeded. Their services are worth every penny.
- William Harris
Tailored Trust Solutions
For a trust to be effective in achieving your estate planning goals, it needs to be closely tailored to your situation. This is where the highly personal service and experience we offer can truly help you and your heirs. We closely examine the circumstances of each client we assist and we use what we learn about them to craft the right trust or trusts for their individual needs.
Special Needs Trusts
A Trust For Disabled Children & Vulnerable Adults
A Special Needs Trust sets aside money in an account to be used to pay for personal expenses and medical needs of a physically or mentally challenged adult or child. They have many advantages: providing ongoing funds to pay for out-of-pocket medical expenses, reducing tax liability, plus there can be management by a professional trustee who can manage, protect and grow the trust’s assets. Special Needs Trusts can also be set up as a private trust that is managed with family members as trustees.
Special Needs Trusts are often used to receive funds from a personal injury verdict or an insurance settlement. This money, received as a large lump sum amount, will need to last for the disabled person’s lifetime. Careful management will be essential.
It’s important that a Special Needs Trust be set up correctly from both a legal and a financial framework. The Law Office of Tawana H. Gray has been providing this kind of expertise to the Fort Worth, Texas area for 20 years. Contact us and we can craft a trust that is right for your situation.
Other Types of Trusts
Revocable
Trusts
A revocable trust (also referred to as a revocable living trust) is a trust that can be altered or revoked according to the grantor’s wishes. It can be a great way to pass assets to your beneficiaries while avoiding probate, and can be a method of managing and protecting your assets as well.
Family
Trusts
A family trust is basically a type of revocable living trust used as a way to pass your assets to family members according to your wishes. It has all the trust advantages of privacy and the avoidance of probate. Not every family situation requires a family trust – come talk to us and we’ll help you decide if a family trust is right for you and your family as part of a sound estate plan.
Life Insurance
Trusts
A life insurance trust is an irrevocable trust that holds a life insurance policy for a designated beneficiary. Especially advantageous for policies with a large benefit, both the value of the policy and the death benefit avoid estate taxes.
As we build your comprehensive estate plan, we can help you decide if any of these types of trusts are right for you. Whatever winds up being in your plan, you’ll come away with peace of mind knowing that you and your family will be cared for.
