Asset Protection

The Trust Protection Myth: Your Revocable Trust Protects Against Lawsuits from Austin Estate Planning Lawyer Liz Nielsen

Trust protection myth from Austin estate planning attorney Liz Nielsen

Many people believe that once they set up a revocable living trust and transfer assets into the trust, those assets are protected from lawsuits. This is absolutely not true.  While Trusts commonly provide asset protection for beneficiaries, few trusts protect assets owned by the person who created the trust. No Immediate Asset Protection?  Why Should […]

Four Estate and Legacy Planning Tips for the Suddenly Wealthy From Austin Estate Planning Lawyer Liz Nielsen

Four Estate and Legacy Planning Tips for the Suddenly Wealthy

Suddenly coming into money can be both a blessing and a curse. Whether you just signed a multiyear, multi-million dollar employment contract, received a significant inheritance, expect a large check from a lawsuit verdict or divorce settlement, or just won the lottery, you need help from professionals to avoid negative consequences from your windfall. Below […]

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