According to the National Association of Home Builders, in 2018 there were approximately 7.5 million second homes, making up 5.5 percent of the total number of homes.[1] These pieces of vacation property are not only real estate that must be planned for, managed, and maintained, they are also the birthplace of happy memories for you […]
Asset Protection
What Happens to My Spouse’s Debts at Their Death? by Austin Estate Planning Attorney Liz Nielsen
A spouse’s death creates a difficult and demanding time for the surviving partner. As much as you might want space and time alone to process your grief, you may have certain responsibilities related to settling their affairs, including paying off spouse’s debts. Most Americans have some type of debt. The obligation to pay debts does […]
Remember to Update your Estate Plan After Divorce by Austin Estate Planning Attorney Liz Nielsen
The divorce process can be long and expensive. Getting the final decree is the end of one big effort, which probably felt exhausting. Yet, the work doesn’t end once the divorce decree is signed. Once you have gotten divorced, it’s prudent to update your estate plan. More Work After Divorce? Why Bother? A divorce has […]
Financial Exploitation: Dutiful Child or Manipulator of Older Adults? From Austin Estate Planning Attorney Liz Nielsen
As parents age and their physical and mental capacities diminish, it is natural for their adult children (recognizing the parents’ decreasing ability to care for themselves) to step in and help them. Often, a specific child will take over the bulk of the responsibilities, such as taking the parent to doctor’s appointments or the attorney’s […]