When starting your estate plan, it is best to understand that one size never fits all. Estate plans are best when tailored to your needs, but it raises the question of which plan is the best for you and your family? The two most common types of estate plans are Will-Based Plans and Trust-Based Plans. […]
Liz Nielsen
Donating Your Organs After Death From Austin Estate Planning Attorney Liz Nielsen
If you want to donate your organs when you die, you must think about precisely what you want and communicate these wishes. When you begin exploring the available options, it becomes evident that the process is not as smooth as you would imagine. Organ donation is one of the most regulated aspects of the healthcare […]
Renting Out Your Property From Austin Estate Planning Attorney Liz Nielsen
Retreating to a warmer climate for the winter sounds like an ideal way to spend a few months. To help make this dream a reality, some individuals choose to rent out their second homes when that are not in use. When renting out a property, one must consider legal ramifications, liability exposure, tax implications, insurance […]
The New Basis at Death Rule from Austin Estate Planning Attorney Liz Nielsen
Only two things are certain in life — death and taxes. However, the proper planning can help your loved ones experience fewer tax headaches due to the Basis Step Up on Death. Starting Point When talking about the new basis at death rule, the first thing is to understand is basis. A basis is applied […]