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Articles Posted in Estate Planning

The Basics of a Spendthrift Trust
Parra Law Firm

When it comes to estate planning in Texas, individuals often seek ways to protect their assets and ensure their beneficiaries’ financial security. One powerful tool available is the spendthrift trust. This estate planning vehicle shields assets from potential creditors and irresponsible spending, offering a structured and protective framework for managing wealth for the long term.…

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Estate Planning for Your Family Home
Parra Law Firm

Estate planning is a crucial aspect of financial management for Texas residents. While many individuals focus on financial investments, retirement accounts and personal belongings, it’s equally important to consider the family home as a significant part of your estate plan. Proactively addressing your family home in your estate plan can provide peace of mind and…

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How Estate Planning Builds Generational Wealth
Parra Law Firm

Some economists have started to say that there is a new rule that separates economic classes in the United States. Specifically, the biggest differentiator in someone’s comfort and economic stability is typically whether or not they will inherit generational wealth upon the passing of their parents, grandparents or other family members. Those who stand to…

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