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Will Our Child Have to Manage Multiple Trusts after Our Deaths? from Austin Estate Planning Attorney Liz Nielsen
When a married couple creates an estate plan using a revocable living trust (RLT), they have the option of creating a single joint trust or separate trusts. Whatever...
The Pros and Cons of Probate from Austin Estate Planning Attorney Liz Nielsen
In estate planning circles, the word “probate” often carries a negative connotation. Indeed, many people—especially those with valuable accounts and property— desire to keep their accounts and property...
Three Tips for Overwhelmed Executors from Austin Estate Planning Attorney Liz Nielsen
While it is an honor to be named as a trusted decision maker, also known as an executor or personal representative, in a person’s will, it can often...
Why a Revocable Living Trust Is the Best Option to Avoid Probate from Austin Estate Planning Attorney Liz Nielsen
Ideally, when someone passes away, the paperwork and material concerns associated with the deceased’s passing are so seamlessly handled (thanks to excellent preparation) that they fade into the...
Three Reasons You Want to Avoid Probate from Austin Estate Planning Attorney Liz Nielsen
Probate — people often consider it a dirty word. Especially those who have gone through the probate process. But for the rest of us, what even is probate?...
Three Celebrity Probate Disasters and Tragic Lessons from Austin Estate Planning Attorney Liz Nielsen
One would assume that celebrities with extreme wealth would take steps to protect their estates. But think again: some of the world’s richest and most famous people shuffle...
The Slayer Rule – What Does It Mean and When Would It Apply? from Austin Estate Planning Attorney Katlyn Winters
The Slayer Rule – a frightening term for a frightening crime. In short, the Slayer Statute, addresses a murder motivated by inheritance. Like many mystery films of its...
Handling S Corporation Interests in Estate Planning: Electing Small Business Trusts and Qualified Subchapter S Trusts from Estate Planning Attorney Liz Nielsen
One of the many challenges of owning a small business is determining the appropriate tax classification of the business. When an individual owns a business entity that is...
The Probate Process: The Dreaded (and Often Misconceived) Reading of the Will from Estate Planning Attorney Katlyn Winters
This blog has touched on some of our favorite estate planning and probate movies, including the 2019 who-dun-it, Knives Out. Revisiting this film in particular, and now we...
Generation-Skipping Transfer Tax from Estate Planning Attorney Liz Nielsen
When it comes to federal taxes, most people are very aware of the federal income tax.. This is because, if they earn a paycheck, they cannot help but...
