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Protecting Family Wealth Beyond the Third Generation from Austin Estate Planning Attorney Liz Nielsen
Whether you have inherited your wealth or have built it yourself, you likely want to share this wealth with the next generation and beyond. The quotation “shirtsleeves to...
When You May Not Be Able to Use a Financial Power of Attorney from Austin Estate Planning Attorney Liz Nielsen
Besides directing what happens to your finances when you pass away, a comprehensive estate plan also addresses the possibility that you could become unable to handle your financial...
Answering Senior Citizen’s Common Estate Planning Questions from Austin Estate Planning Attorney Liz Nielsen
According to a study conducted by Caring.com, the percentage of people aged fifty-five and older who have created a will has fallen in the past two years, from...
Multigenerational Wealth Transfer Checklist from Austin Estate Planning Attorney Liz Nielsen
Studies estimate that 70 percent of family wealth is lost by the end of the second generation and 90 percent by the end of the third generation.[1] To...
Fears When Talking about Estate Planning and Money from Austin Estate Planning Attorney Liz Nielsen
Studies[1] have shown that the largest contributing factors to generational loss of wealth are a lack of communication and trust among family members and the failure to prepare...
What Happens to Your Digital Movies at Your Death from Austin Estate Planning Attorney Liz Nielsen
In today’s digital age, many people have a library of digital assets that may include items such as books, music, and movies. One of the perceived benefits of...
How a New Job Can Affect Your Estate Plan from Austin Estate Planning Attorney Liz Nielsen
Starting a new job is an exciting new chapter in your life. Depending on the employee onboarding process, there can be a lot of moving parts. You may...
Charitable Giving and your Estate Plan from Austin Estate Planning Attorney Liz Nielsen
We each have causes which move us deeply, and call us to action. Through gifts of time and resources, we each support these well loved charities during our...
Successor Trustee Compensation from Austin Estate Planning Attorney Liz Nielsen
Asking someone to serve as your fiduciary (trustee of your trust or personal representative or executor under your last will and testament) is not something you should do...
Can a Trustee Also Be a Beneficiary of a Trust? from Austin Estate Planning Attorney Liz Nielsen
Clients often naturally choose their children to be beneficiaries of their revocable living trusts. Many clients also wish to name one or more of their children as the...
