Adult Children

Have a Harmonious Family that Does Not Fight? You Still Need an Estate Plan from Austin Estate Planning Attorney Liz Nielsen

In many families, everyone gets along, happily gathering for the holidays, sharing laughs, telling stories, and enjoying each other’s company. Then the matriarch or patriarch becomes incapacitated. Suddenly everyone wants to step forward to be the loving, responsible relative. Questions of who will be the primary decision-maker for grandma or grandpa can lead to tension. […]

How to Choose the Initial Trustee of Your Trust From Austin Estate Planning Attorney Liz Nielsen

When you establish a trust, you nominate someone to be the trustee. The trustee is in charge of managing the trust’s accounts and property. If you are creating a revocable living trust, you will likely be the initial trustee. You will also want to name successors or backup trustees to step in and manage the […]

What Happens to An Adult Child Living at Home When Their Parents Pass Away? from Austin Estate Planning Attorney Liz Nielsen

Today more young adults are living at home with their parents than at any time since the 1940s. While there are many different opinions about this trend and the cause of its recent prevalence, the primary motivation for young adults staying at home with their parents is usually related to finances. Most adult children who […]

Who Should Be the Trustee of a Third-Party Special Needs Trust? from Austin Estate Planning Attorney Liz Nielsen

Family members with special needs may require assistance throughout their lives. If you want to ensure that a loved one with a disability is taken care of after you are gone, you can help manage resources for them by using a third-party special needs trust (SNT). Also known as a supplemental needs trust, a third-party […]