Parents who develop an estate plan often do so to provide for their heirs financially. Many want to make sure hard-earned assets, family heirlooms, or closely held businesses stay within the family. Indeed, a common question is what cost effective options are available to protect one’s children’s inheritance from a spouse in the event of untrustworthiness or divorce. Thankfully, there are many ways to structure your child’s inheritance to help ensure it will remain in the family for future generations. Let’s look at a few of the options now.
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Attorney Liz Nielsen Receives Board Certification
Nielsen Law is pleased to announce that attorney Liz Nielsen has become Board Certified in Estate Planning and Probate Law by the Texas Board of Legal Specialization. Less than 1% of Texas attorneys are certified in estate planning and probate law.
High Deductible Health Plan? How Your Health Savings Account (HSA) Works with Your Estate Plan from Austin Estate Planning Lawyer Liz Nielsen
If you’re enrolled in a qualified high-deductible health plan (HDHP), you must consider how your health savings account (HSA) fits into your estate plan—especially to make sure that any hard-earned money left in your HSA when you die goes where you want it.
What the New Tax Law Means for Retirement Benefits
“The Tax Cuts and Jobs Act makes sweeping changes to the tax code, but few directly impacting retirement benefits.”
Now that the new tax law has passed, it is time to consider how it will affect your retirement benefits. The new law eliminates Roth recharacterizations and may make qualified charitable distributions even more popular, according to Natalie Choate in “What the Tax Cuts and Jobs Act Means for Retirement Benefits.”