Coggin & Coggin PLLC

Coggin & Coggin PLLC Coggin & Coggin PLLC provides business law, probate, estate planning, and wills to the Burleson, TX area.

There are certain key decisions that must be made anytime a trust is being planned. A trust can either be created for mu...
06/24/2026

There are certain key decisions that must be made anytime a trust is being planned. A trust can either be created for multiple beneficiaries out of one pool of assets (called a “pot trust”), or separate sub trust for each beneficiary, with their own separate pool of assets, can be created. When creating the latter form, you’ll want the net value to be at least $50,000 to $100,000; that way, each sub trust has enough money for the beneficiary to meet their needs. All trusts in Texas must also terminate at some point, so a final beneficiary or class of beneficiaries must be designated.
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06/22/2026

A solid tax-avoidance strategy that involves taking loans against an appreciating asset instead of straight income. It's absolutely critical that strategies like these are constructed carefully so as to withstand IRS scrutiny.
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You should not leave substantial property to a minor outright. Doing so can lead to a long, expensive guardianship proce...
06/19/2026

You should not leave substantial property to a minor outright. Doing so can lead to a long, expensive guardianship procedure. Instead, the property should be placed in trust until the minors are at least 18, though an older age (such as 25) is often picked. During that time, the trustee can be given the authority to use trust funds to pay for the health, education, and support of the minor. A trust can be set up during your lifetime, or one can be provided for in a will in the event you die while you still have one or more minor children.
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Planning for the future is essential, and our experienced estate planning attorneys are here to guide you every step of ...
06/18/2026

Planning for the future is essential, and our experienced estate planning attorneys are here to guide you every step of the way. With over 50 years of experience, we specialize in ensuring your assets are distributed smoothly and with minimal taxes. Whether you need help with wills, trusts, powers of attorney, or tax mitigation strategies, our team is ready to assist. We offer both in-person and virtual appointments to fit your schedule. Don't leave your estate planning to chance, reach out to us today to secure your family's future. Visit our website or call us to schedule your consultation.

https://www.cogginandcoggin.com/estate-planning-and-asset-protection

When making a bequest to charities through a will or trust, always verify the correct title of each charitable beneficia...
06/18/2026

When making a bequest to charities through a will or trust, always verify the correct title of each charitable beneficiary. Also be sure to differentiate between local and national organizations. Most vital is to confirm that the charity is an exempt organization under 501(c) of the Internal Revenue Code. IRS publication 78 contains a listing of charitable institutions that have been granted exempt status by the IRS, but that list is not all-inclusive. Many charitable organizations that qualify (namely churches) do not bother to obtain their specific exemption ruling.
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06/16/2026

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Adults with special needs who receive government benefits should be careful about receiving an inheritance directly, as ...
06/14/2026

Adults with special needs who receive government benefits should be careful about receiving an inheritance directly, as it could affect their eligibility for those benefits. In many cases, the better option is for loved ones to leave assets to a Special Needs Trust instead. The trust can hold and manage the inheritance for the beneficiary's benefit while helping preserve eligibility for government assistance programs. A third-party trustee must manage the trust, as the beneficiary generally cannot serve as their own trustee.

If the special needs individual ends up receiving an inheritance directly, under the right circumstances that individual may still be able to place that inheritance into trust themselves, but will still need to appoint a third-party trustee.
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06/12/2026

Annuities aren't investments, they're income contracts. Their main purpose is to make sure you never outlive your money. They're a key tool in a balanced portfolio.
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In terms of establishing a trust, selecting the right trustee is one of the most important decisions you’ll make. The tr...
06/11/2026

In terms of establishing a trust, selecting the right trustee is one of the most important decisions you’ll make. The trustee should have good judgment, can be impartial, pay attention to detail, have some financial competence, be financially responsible, and have integrity and honesty. The trustee should be available, both in terms of physical location and the time to manage the trust. The trustee should also have staying power—those who are younger and in good health are ideal.
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06/08/2026

Trusts are not one size fits all. Revocable trusts are the most common, and perfectly fine for most situations. Irrevocable trusts, of which there are many different types, fit much more niche purposes and are therefore used less frequently, but have significant advantages in the right situations.
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Address

250 NW Tarrant Avenue Suite E
Burleson, TX
76028

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Monday 9am - 4pm
Tuesday 9am - 4pm
Wednesday 9am - 4pm
Thursday 9am - 4pm
Friday 9am - 4pm

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