Working with an attorney to draft a trust agreement for estate planning purposes is an important step. But just getting the document drafted and signed is not enough. For any trust to be effective, you must complete the process of trust funding as soon as you can. But what exactly is funding? A common way […]
Beneficiary Designations
Why Singles Should Worry about Estate Planning from Austin Estate Planning Attorney Liz Nielsen
As a single individual, you may feel overwhelmed about estate planning. If you don’t have many assets, you may wonder if an estate plan is even worth it. Yet, for single people, estate planning matters very much, since there is more than just probating your estate. Questions of who can act on your behalf when […]
Important Estate Planning Decisions From Austin Estate Planning Attorney Liz Nielsen
For many people, the thought of doing any estate planning strikes fear into their hearts. It can be uncomfortable to even consider the possibility of no longer being able to manage your own affairs, let alone no longer being alive. For far too many people, this causes them to put off the crucial task of […]
Protecting Family Wealth Beyond the Third Generation from Austin Estate Planning Attorney Liz Nielsen
Whether you have inherited your wealth or have built it yourself, you likely want to share this wealth with the next generation and beyond. The quotation “shirtsleeves to shirtsleeves in three generations” has often been attributed to Andrew Carnegie. The same concept has been echoed by other people and various cultures, with the underlying notion […]