Americans have enjoyed historically high estate tax exemption rates for most of the last twenty years. Such high exemption amounts have kept many of them from needing to seek out more advanced estate planning strategies to avoid estate taxes, which have been as high as 60 percent during those same years. However, it is uncertain […]
Asset Protection
Estate Planning Post Bankruptcy from Austin Estate Planning Attorney Liz Nielsen
Bankruptcy can be incredibly stressful for anyone to go through. Once your matter has been closed, you may wonder what the next steps are. To ensure that your remaining accounts and property as well as yourself and your loved ones are protected in the future, we encourage you to consider an estate plan post bankruptcy. […]
Bankruptcy’s Effects on Estate Planning from Austin Estate Planning Attorney Liz Nielsen
Bankruptcy may be one of the last things on your mind when you are creating an estate plan. Fortunately, the number of bankruptcy filings has declined over the past several years, but there were still a whopping 544,463 bankruptcy filings in 2020.[1] What happens to your estate if you file for bankruptcy protection but die […]
Will My Spouse Get What They Need? QTIP Trusts from Austin Estate Planning Attorney Liz Nielsen
Mortality it a touchy subject. No one likes thinking about when they’re going to die. They like contemplating the death of their spouse, or how their spouse and children will cope with their own death even less. This can be an especially touchy subject when young couples are building an estate plan together. The thought […]