Wealthy Houstonians are living longer — no doubt a combination of advances in medicine and the means to pay for top-tier healthcare. The only catch is they can’t guarantee they’ll be lucid enough to manage their own finances near the end of their lives.
To safeguard against the potentially tedious and painful process of having to suddenly offload the stewardship of one’s wealth to an un-suspecting guardian, the wealthy are increasingly establishing what’s known as revocable living trusts, said Susan Travis, senior vice president and relationship manager at Houston-based Kanaly Trust, a wealth management and estate planning firm…
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