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How to Set Up a Simple Trust - Whitney L. Thompson
From The Law Office of Whitney L. Thompson, PLLC – How to Set Up a Simple Trust explores the essentials of establishing a simple trust in Texas. We begin by guiding you through what a simple trust is, how it differs from other trust arrangements under the Texas Trust Code and IRS rules, and why it may be the right solution for your estate-planning needs. Hosted in Houston and Bay City, this episode brings clarity to the roles of the grantor, trustee, and beneficiaries in a streamlined structure.In the next segment, we dive into the benefits of setting up a simple trust: mandatory income…
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