It’s easy to feel overwhelmed by legal lingo when it comes to creating an estate plan. There are many legal strategies involved in estate planning, including wills, revocable living trusts, irrevocable living trusts, testamentary trusts, special needs trusts, and more. But what even is a trust – and what is the difference between a trust […]
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Ways to Undo a Revoked Will from Austin Estate Planning Attorney Liz Nielsen
When life circumstances change, you may want to alter the decisions made in your estate planning documents. You might even choose to revoke your will at some point. But what if you have a change of heart and want to reinstate it? There are different ways to revive a revoked will. Reviving Your Old Will […]
Collecting Debts on Behalf of Your Deceased Loved One from Austin Estate Planning Attorney Liz Nielsen
People often engage in transactions that result in money being owed to them, such as loaning money to a friend or business partner or renting a house to a tenant. But what happens if someone passes away before they receive the money owed to them? Can someone else collect these debts? If your loved one […]
Why You May Still Have to Open a Probate Proceeding from Austin Estate Planning Attorney Liz Nielsen
Probate is the legal process for recognizing the validity of a person’s will after their death and appointing the nominated decision maker. This person, also known as an executor or personal representative, administers the deceased person’s estate and ensures that their money and property are transferred to the beneficiaries specified in their will. If someone […]