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Estate Administration Details that TV and Movies Get Wrong from Austin Estate Planning Attorney Liz Nielsen

Movies

While movies and television provide great entertainment, they are not always factual. Even shows based on real events are not entirely accurate. Creators of television programs and movies will often alter details of a story or situation to provide an enjoyable experience. Because of these widespread embellishments, people often develop misconceptions about many industries and […]

Corporate Transparency Act Imposes New Small Business Reporting Requirements for 2024 from Austin Business Planning Attorney John Glode

CTA

The new year rang in more than holiday cheer for small business owners who will now have one more item on their compliance to-do list.  The Corporate Transparency Act (CTA),[1] enacted as part of the Anti-Money Laundering Act of 2020, places new reporting requirements on many business entities.  The law seeks to expose illegal activities, […]

What Is a Residuary Clause and Why Is It Important? from Austin Estate Planning Attorney Liz Nielsen

Residuary

When developing your estate plan, it is nearly impossible to address every account or piece of property you own. There are sure to be some things you unintentionally overlook. However, by including a residuary clause, you can intentionally distribute any remaining items inadvertently left over during the estate or trust administration process to a named […]

What Is the Difference Between a Probate and Trust Administration Attorney and an Estate Planning Attorney? from Austin Estate Planning Attorney Liz Nielsen

Attorney

Estate planning attorneys and probate and trust administration attorneys play crucial but distinct roles in the legal processes involving legacy planning, asset distribution, and wealth preservation. As part of the estate planning process, you should discuss with your attorney the role they will play during your lifetime and whether they can also assist your loved […]

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