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Can I Make Estate Plans Without My Spouse? from Austin Estate Planning Lawyer Liz Nielsen
The average American family has changed a great deal over the last few decades. The assumption that a couple will share finances, tax obligations, and a last name...
Lifetime QTIP Trusts – The Gift That Keeps Giving from Austin Estate Planning Lawyer Liz Nielsen
Estate planning for married couples can be tricky when one spouse is significantly wealthier than the other, and each spouse wants different beneficiaries to ultimately inherit his or...
Preserving SSI When Divorcing Parents Have a Child with Disabilities from Austin Estate Planning Lawyer Liz Nielsen
Today we are sharing a post from The Voice, the email newsletter of The Special Needs Alliance. This installment was written by Special Needs Alliance member, Lee M....
Estate Planning is Not Just for the Wealthy From Austin Estate Planning Lawyer Liz Nielsen
It is a common misconception that financial management and estate planning are useful for only the wealthy. But estate planning is not just for the wealthy. Regardless of...
Discretionary Trusts – How to Protect Your Beneficiaries from Bad Decisions and Outside Influences From Austin Estate Planning Lawyer Liz Nielsen
Leaving your hard-earned assets outright to your children, grandchildren, or other beneficiaries after you die may seem like the easiest and most desired form of distribution. Unfortunately such...
Is Your Estate Plan Unfinished? Don’t Put It Off! From Austin Estate Planning Lawyer Liz Nielsen
For most people, thinking about your mortality is unpleasant and therefore low on the list of priorities. While you may objectively recognize the need to plan for your...
Frequent Traveler Points: You Can’t Take Them with You. But Can Your Heirs? from Austin Estate Planning Lawyer Liz Nielsen
You can’t take them with you, obviously. But under certain circumstances, you can transfer them to your heirs. Unfortunately, the rules vary widely from carrier to carrier. (Hotels...
Estate Planning for Same-Sex Couples from Austin Estate Planning Lawyer Liz Nielsen
The Obergefell decision of 2015, which legalized gay marriage in all 50 states including Texas, greatly impacted estate planning for same-sex couples. Married gay couples are now able...
Three Asset Protection Tips You Can Use Now from Austin Estate Planning Lawyer Liz Nielsen
A common misconception is that only wealthy families and people in high-risk professions need to have an asset protection plan. But in reality, anyone can be sued. A...
The Trust Protection Myth: Your Revocable Trust Protects Against Lawsuits from Austin Estate Planning Lawyer Liz Nielsen
Many people believe that once they set up a revocable living trust and transfer assets into the trust, those assets are protected from lawsuits. This is absolutely not...