Lin Ye CPA LLC

10/17/2026

Join us for The Red, White & Roar H-Town International Lion Dance Championship, a historic three-day celebration of culture, athleticism, tradition, and world-c

10/17/2026

10/15/2026

🐢 If you requested an IRS extension, now is the time to file — tomorrow, October 15, is the deadline!

Don't let penalties and interest kick in. We can still get you filed: (832) 813-5095 | www.linyecpa.com

— Lin Ye CPA LLC, The Woodlands

10/14/2026

📜 A revocable living trust does two jobs. It lets your home and accounts pass to your family without probate, and it lets someone you chose step in if you can't manage your own money.

It earns its cost when you own a home in a state where probate is slow or expensive, when you own real estate in more than one state, when you want heirs to receive money over time instead of all at once, or when you'd rather a successor trustee handle things than a court.

It isn't for everyone. If most of what you own already passes by beneficiary designation, like retirement accounts and bank accounts with payable-on-death beneficiaries, and your state offers a transfer-on-death deed for the home, a will plus those forms may cover it.

The trust only works for what's actually in it. That means recording a new deed that names the trust as owner of your home, then retitling bank and brokerage accounts into the trust or naming the trust as their payable-on-death or transfer-on-death beneficiary.

A mortgage doesn't stand in the way. Federal law bars the lender from calling the loan when you move a home you live in into your own revocable trust.

Retirement accounts are the exception. An IRA or 401(k) can't be retitled to a trust without counting as a withdrawal, so you name beneficiaries on the account instead.

Anything you miss gets caught by a pour-over will, which sends it to the trust, but only after probate.

I use Trust & Will to keep my own documents up to date: my revocable living trust, pour-over will, power of attorney, living will, and HIPAA authorization.

Not every estate plan needs an attorney, and an online service handles a straightforward plan well. When children are involved, though, I think having an attorney review the plan is worth it, because a document can be signed correctly and still not do what you meant.

The link to Trust & Will is in the comments. It's an affiliate link, so I earn a commission if you sign up.



The content shared here is for educational and informational purposes only. It is not personalized investment, tax, legal, or financial advice. Consult a licensed professional before making decisions based on your specific situation.

10/14/2026

The Picklr has filed for Chapter 11 bankruptcy protection as the company seeks to reorganize after what its founder acknowledged was a costly business mistake tied to early lease guarantees.

10/13/2026

The U.S. Treasury Department says it’s imposing $1.2 billion in fines on Bank of America for allegedly violating anti-money laundering and sanctions laws.