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What do Successor Trustees and Executors Do? from Austin Estate Planning Lawyer Liz Nielsen
Executor’s Duties An executor, sometimes called a personal representative, is the person who is named in a will, appointed by the court, and responsible for probating the will...
Bitcoin Should Be Part of Estate Planning, Too, from Austin Estate Planning Lawyer Liz Nielsen
As more people are dipping their toes in to the secretive, and notoriously volatile, cryptocurrency markets, such as bitcoin, estate planning attorneys are starting to think about how...
Estate Planning for your Digital Assets from Austin Estate Planning Lawyer Liz Nielsen
These days, nearly everyone has email, a facebook account, and digital photos. But what happens to your digital assets after you die? According to a recent article in...
Tips for Working with a Law Firm from Austin Estate Planning Lawyer Liz Nielsen
When you hire an attorney for estate planning, help with a loved one’s estate, or any other legal matter you want to make sure that the work gets...
After Tax Reform, Is Estate Planning Still Necessary? from Austin Estate Planning Lawyer Liz Nielsen
The new tax legislation raises the federal estate tax exemption to $11.2 million for individuals and $22.4 million for couples. The increase means that an exceedingly small number of estates (only about 1,800, nationally) will have to worry about federal estate taxes in 2018, according to estimates from the nonpartisan congressional Joint Committee on Taxation.
So, you may be wondering, is estate planning even still necessary?
To put it simply: Yes!
Husband with Alzheimer’s Proposed to Wife of 38 Years, and They Married Again. From Austin Texas Estate Planning Lawyer Liz Nielsen.
Michael Joyce has Alzheimer’s and suffers from memory loss. The disease had progressed so much that he forgot he was married to his wife, Linda Joyce, of 38 years. However, he had not forgotten that he was in love with her. Recently, Michael asked Linda to marry him, again. Instead of telling him they were already married, Linda said “Of course I will.” To her surprise, the next morning Michael woke up and asked, “So, when are we doing this?”
Are Payable-On-Death Accounts Right For You? from Austin Estate Planning Lawyer Liz Nielsen
A payable-on-death account, also called a POD account or sometimes a transfer-on-death (TOD) account, is a common way to keep bank and investment accounts out of probate, the court-supervised process that oversees distributing a deceased person’s property. Most people want to avoid their estate going through probate because their heirs will receive the inheritance faster, privately, and at lower cost.
Is a POD account an appropriate solution for your needs? Let’s examine what POD accounts do and how they fit into the overall picture.
Estate Planning for Same-Sex Couples from Austin Estate Planning Lawyer Liz Nielsen
In 2015, in the Obergefell v. Hodges decision, the U.S. Supreme Court upheld the right of same-sex couples to marry in all 50 states, bringing marriage equality to...
How to Protect Your Child’s Inheritance from His or Her Untrustworthy Spouse from Austin Estate Planning Lawyer Liz Nielsen
Parents who develop an estate plan often do so to provide for their heirs financially. Many want to make sure hard-earned assets, family heirlooms, or closely held businesses stay within the family. Indeed, a common question is what cost effective options are available to protect one’s children’s inheritance from a spouse in the event of untrustworthiness or divorce. Thankfully, there are many ways to structure your child’s inheritance to help ensure it will remain in the family for future generations. Let’s look at a few of the options now.
Attorney Liz Nielsen Receives Board Certification
Nielsen Law is pleased to announce that attorney Liz Nielsen has become Board Certified in Estate Planning and Probate Law by the Texas Board of Legal Specialization. Less than 1% of Texas attorneys are certified in estate planning and probate law.