Legal Question in Elder Law in Texas

Yes to both. A revocable living trust + pour over will + durable power of attorney would do the trick. You could get by with just a will and durable power of attorney. Depending on the size and value of the business, you may have a generation skipping tax to worry about. Also, I'm assuming you're not married, as your spouse may have community property interests.

Dave

For more information, please visit our website:

http://leonlaw.com

Also, please read our disclaimer:

http://leonlaw.com/disclaimer/

As Mr. Leon points out, some basic estate planning can help you accomplish precisely what you're looking for. I would strongly encourage you to visit not only with an estate planning attorney but also with your grandson to ensure that you're properly advised about how to put your plan in place and to impress upon your grandson exactly how you desire him to handle your affairs.