Estate planning is not just about what happens to your stuff when you die. It is about coordinating all aspects of your life so (1) you can be taken care of during times when you are unable to care for yourself; and (2) your money and property are distributed to the individuals you have selected […]
Liz Nielsen
529 Plans – What You Need to Know from Austin Estate Planning Lawyer Liz Nielsen
According to U.S. News and World Report, for the 2019-2020 school year, the average cost of tuition and fees is $10,116 at an in-state public university and $36,801 at a private university. (It can even exceed $50,000 at some schools.) This does not even include housing, books, and meal plans, which typically add thousands of […]
National Adoption Month: Taking Care of Your New Family Member, from Austin Estate Planning Lawyer Liz Nielsen
November is National Adoption Month, which is aimed at raising awareness about adoption and the children who need permanent, loving homes. Thousands of children are adopted each year, bringing much joy to their adoptive families. If you are in the process of adopting or have recently adopted a child, it is a great time to […]
Missed a Required Minimum Distribution? Here Is How to Fix It, from Austin Estate Planning Lawyer Liz Nielsen
The retirement years are supposed to be carefree – but what if you neglected to take the required minimum distribution (RMD) from one or more of your retirement accounts or took a distribution that was lower than required? This could be a costly mistake resulting in a tax penalty of 50% of the amount of […]