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A Small Business Owner’s Guide to Texas Trusts 

A Small Business Owner’s Guide to Texas Trusts | TAW Law TX

Discover What Types of Trusts Are Better Suited for Different Types of Businesses & Objectives

Trusts can be indispensable tools for forward-thinking small business owners. Across nearly every industry, trusts for small businesses in Texas can be highly effective devices for asset protection, succession planning, retirement income strategizing, estate tax mitigation, and so much more. 

That may mean that some small business owners can benefit from setting up multiple trusts, all with unique objectives. That doesn’t, however, narrow down the options or point you in the right direction when it’s time to set up a trust for your small business in Texas.

To help you with that, this guide on trusts for Texas small businesses shares more on: 

This guide can walk you through the various options for small business trusts, explaining how each device works, the potential benefits, and the types of small businesses that could benefit from them. 

Potential Downsides of Ignoring an Estate Plan Until 2026

Potential Downsides of Ignoring an Estate Plan Until 2026 | Austin Estate Planning Lawyer

Putting an Estate Plan on the Backburner Could Backfire Soon. Here’s Why.

Estate planning doesn’t need to top your to-do list constantly, but there are some very good reasons it should be a priority before 2026. In fact, whether or not you currently have an estate plan, you’ll likely be better off creating one or reviewing the one you have before Jan. 1, 2026, instead of after. 

To dial into why this is so important and the core issues at play, here are some insightful answers, explaining: 

Estate Tax Exemptions Set to Drop by 50% in 2026: Are You Ready?

Estate Tax Exemptions to Drop by 50% in 2026: Are You Ready? | Austin Estate Planning Attorney

Many More People Will Owe Estate Taxes Upon Death Without Appropriate Planning

Your estate plan may not be as buttoned up or airtight as you think. In fact, it could be vulnerable to greater estate tax liabilities than you thought IF you planned around certain exemptions that are set to expire in 2026. 

Those sunsetting laws will drastically change federal estate tax exemptions if no new legislation is passed between now and Jan. 1, 2026. 

Is your estate plan ready for these changes? 

Do you need to devise or revise an estate plan now in anticipation of the expiring estate tax exemptions?

Let’s start answering those questions by looking at:   

Wills Gone Wild: The Shocks & Surprises from 7 Astonishing Estates

Wills Gone Wild: The Shocks & Surprises from 7 Astonishing Estates | Austin Wills, Probate & Estate Planning Lawyer

Here’s What We Can Learn from Some of History’s Wildest Wills & the Battles That Ensued

Wills and last wishes can be as complex and unique as the people behind them. That can lead to some strange terms, bizarre requests, and even forgotten provisions in wills. It can also give rise to will contests, heated fights in probate court, and prolonged litigation. 

While that can happen with both modest and larger estates, the wills of some rich and famous folks truly take the cake when it comes to peculiar provisions, shocking requests, and the nearly unbelievable events they’ve unleashed.

Let’s find out what’s behind some of the most unusual wills on record and what’s come of them.

Joint vs. Contractual Wills in Texas: How Best Laid Plans Can Go Awry

Joint Wills vs. Contractual Wills in Texas | Austin Estate Planning Lawyer

When & Why Contractual Wills Are Used & How to Protect Your Interests as a Testator or Heir

Joint wills have been used for decades as a way for two parties to share one will when they have the same vision for their estate, fully agreeing on how to distribute their property. Better suited for simple estates with minimal beneficiaries, joint wills tend to come into play with spouses, domestic partners, and family members, particularly those looking for a seemingly easy way to simplify an estate plan and memorialize their wishes in a single document.

As straightforward as joint wills may appear on paper, the reality is they may not be the most prudent option for achieving testators’ shared objectives. In fact, with joint and contractual wills in Texas, specific limitations and distinct challenges can arise when it’s time to administer the will and enforce its terms. That can open up some disadvantages and unforeseen obstacles, some of which can spark contentious disputes in the future. 

Foreclosure Sales: Buyers Can Be Required to Forfeit Property Even Years After Purchase

reclosures, Property Sales & Estate Administration in Texas | Austin Estate Planning Lawyer

Buyers, Beware of Purchasing a Decedent’s Foreclosed Property. Here’s Why.

Foreclosures and property sales typically attract real estate investors hunting for bargain basement prices. That’s no secret. However, there may be hidden risks involved in these transactions when the property owner has recently passed away. 

In fact, when it comes to foreclosures on a decedent’s property in the Lone Star State, Texas Estates Code and case law set forth some distinct rules regarding when: 

  • The foreclosure could be rendered voidable.
  • The sale of the foreclosed property could be superseded and reversed via the administration of an estate.
  • The buyer of the foreclosed property could lose out, despite making a good-faith purchase.