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Establishing and Transferring IRAs from Austin Estate Planning Attorney Liz Nielsen
Now, more than ever before, Americans are using a variety of tax-deferred accounts such as 401(k)s and IRAs to save for retirement. And while the laws are currently...
Disinheriting a Child from Your Plan from Austin Estate Planning Attorney Liz Nielsen
One common storyline in Hollywood movies is the rich father disinheriting the family outcast. The story usually traces a child’s attempts to win their family back. But can...
Defining “Fair Market Value” from Austin Estate Planning Attorney Liz Nielsen
When reading through a will or trust agreement, you may see language that grants a right to an individual to purchase certain property from the estate or trust...
Retirement Accounts vs. Creditors from Austin Estate Planning Attorney Liz Nielsen
Do you have an individual retirement account or other type of retirement account that you plan to leave to your loved ones? If so, proceed with caution! Inherited...
Estate Tax Returns After Death by Austin Estate Planning Attorney Liz Nielsen
It's a constant, death and taxes. And even death doesn't stop the tax man. As part of wrapping up your estate, your executor must file a final income...
Why Do I Need a Retirement Trust? from Austin Estate Planning Attorney Liz Nielsen
Your retirement account provides asset protection during your lifetime, but as soon as you pass that account to a loved one, that protection evaporates. When a loved one...
Don’t Let Creditors Inherit Assets from Austin Estate Planning Attorney Liz Nielsen
Although spouses receive special treatment when inheriting a retirement account such as an IRA (the ability to roll over the account into a personal retirement account and to...
Dying With Firearms: What Do I Do? From Austin Estate Planning Attorney Liz Nielsen
According to the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), from 1986 through 2018, tens of millions of firearms were both manufactured in and imported into the...
Reviewing Your Plan after a Death from Austin Estate Planning Attorney Liz Nielsen
The death of a loved one is never easy. Regardless of your relationship with the deceased, you need space and time to process and grieve your loss. Once...
Estate Planning: Talking to Parents from Austin Estate Planning Attorney Liz Nielsen
Having a clear conversation about death and dying is never fun. Most people avoid them because they invoke feelings about our inevitable demise. Broaching this subject can be...
