Every day we make hundreds of decisions for ourselves—from what to eat for breakfast to how to manage our finances. However, what happens if you cannot make decisions for yourself? Who do you want making day-to-day decisions on your behalf and serving as your guardian? Financial Power of Attorney If you have recently created or […]
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Will my Revocable Living Trust Avoid Probate? From Austin Estate Planning Attorney Liz Nielsen
If you have established a revocable living trust (which we will refer to simply as a trust), congratulations! You are on the right track in creating a comprehensive estate plan. However, you are only halfway there. Many people believe that because they took the time to create a trust, their estate will automatically avoid probate, […]
What to Do with Grandma’s Ring: Dividing Personal Property in an Estate from Austin Estate Planning Attorney Liz Nielsen
If you have a beloved late grandmother, many images and memories may come to mind when you reminisce about her. You might picture her at her home or at the family vacation house during the holidays. Your memory could be a special meal that only she prepared for you or a place she took you […]
How Is Business Succession Planning Relevant to My Estate Plan? from Austin Estate Planning Attorney Liz Nielsen
Studies consistently find that only about 25–35 percent of Americans have an estate plan, a shockingly low rate when you consider that, in the absence of a plan, the state—not you or your family—decides what happens to your assets, including your business interests. The overall business succession planning rate is higher, with about two-thirds of business […]