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Should I Have a Trust?

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By Dal Houston

After more than 20 years as an estate planning and administration attorney, probably the most asked question from a client is whether they need a trust or not.

As an attorney, this often seems like a loaded question because many people believe an attorney will always tell them they need a trust, simply because the costs of creating a trust usually exceed the costs of preparing a will. With that said, while there are countless factors that play into the decision-making process, below are some factors which I would strongly consider important in such a decision.

The first factor I consider important in the necessity of a trust is if the client has real estate in multiple states. The reason is one of the primary purposes of probate is to change the title of real estate from a deceased person to a living person. If a client has real estate in multiple states, then there will be multiple probates; one for each state in which the client owns property.

To read more, pick up a copy of the December issue of NTFR magazine. To subscribe by mail, call 940-872-5922.

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Country Lifestyles

Jesses Jewelz

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By Jesse Kader

This month western meets safari with this fun army green jumpsuit. I love a good jumpsuit that is simple but stylish and can be accessorized in so many ways. This one especially caught my eye because of the western yoke detail. See this and more at www.jessesjewelz.com

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Country Lifestyles

On the Road with Dave Alexander

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University of North Texas music students were in awe by Texas Music icon, Lyle Lovett recently during his visit to the Denton campus to share his music and personal secrets on navigating a successful music career.

The four-time Grammy winner has recorded 14 albums and has released 25 singles throughout his illustrious career. He’s also most famous for creating his Large Band consisting of his talented rhythm section and a full horn section.

I too have had the honor of recording with Lyle during my time with Asleep At The Wheel and being a UNT grad, I was pleasantly surprised by this act of good will toward these young musicians.

To read more, pick up a copy of the May issue of NTFR magazine. To subscribe by mail, call 940-872-5922.

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From NACs to Climate Smart Easements:Advancing 30X30

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By Martha Crump

In the April issue of North Texas Farm & Ranch, I introduced the discussion of what is considered the Biden 30X30 Land Grab via the quiet attempt to push through the formation of Natural Asset Companies. If you are a landowner and have not heard about this, I encourage you to research it for your own protection.

Natural Asset Companies would have been publicly tradable securities that hold rights to, and manage the productivity and ecological benefits of natural assets such as natural forests, marine areas and farmland. They place a value on natural processes. Thanks to the watchful eye of a few, NACs have been stopped for now, but make no mistake, this battle is far from over. According to the American Stewards of Liberty, the Intrinsic Exchange Group is the company responsible for the failed attempt to monetize natural processes via the development of “Natural Asset Companies.”

The New York Times is already helping IEG to set the stage for a rebranding of the idea with the article they ran entitled “Nature Has Value. Could We Literally Invest In It?” which ran on Feb. 18 of this year. The NYT readily assured their readers that, “Natural asset companies would put a market price on improving ecosystems, rather than on destroying them.” That is a perfect lead-in for IEG as they had already indicated that they would be rebranding the idea in yet another attempt to create the investment vehicle.

To read more, pick up a copy of the May issue of NTFR magazine. To subscribe by mail, call 940-872-5922.

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