Hoarding is more than just being a bit messy: It is a mental disorder causing some people to have difficulty discarding items, regardless of their value, and to experience severe distress even at the thought of it. If you have been named as the personal representative of a relative’s estate and discover that the deceased […]
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State Estate and Inheritance Taxes From Austin Estate Planning Lawyer Liz Nielsen
When planning your estate, you might be worried about estate taxes. The good news is that for many families, this is not something you need to worry about. In Texas, there is no state inheritance or estate tax. Additionally, the federal gift and estate tax exclusion is currently very high, sitting at $11.58 million for […]
Front-Line Workers: Protect Yourself and Your Property from Estate Planning Lawyer Liz Nielsen
To all front-line and “essential” workers: Thank you for all your hard work — day in and day out (and often evenings, nights, and weekends). You work tirelessly to care for some of the most vulnerable people in our society. Whether you are caring for them in a hospital, therapy room, or patient’s home, you […]
Distributing Your Collection from Austin Estate Planning Lawyer Liz Nielsen
Many people have collections about which they are quite passionate: The collections may be very valuable, for example, art collections, coins, stamps, or designer handbags, or they may have more sentimental than monetary value, such as political bumper stickers, postcards, or rocks. Regardless of its dollar value, if you have a collection, you should careful […]