Assets

Is Our Home Community Property or Separate Property, and Why Does It Matter? from Austin Estate Planning Attorney Liz Nielsen

When two people get married, the property they obtain during their marriage is called marital property. This includes anything from real property like homes and rental properties, stock options, investment accounts, heirlooms, and employment income. A common assumption is that spouses want to share their property once they’re married. This assumption is not always true, […]

Planning For Your Digital Legacy from Austin Estate Planning Attorney Elizabeth Ziegler

The phrase “estate planning” conjures certain images. Most people find themselves thinking of who will take care of them when they’re unable to make medical or financial decisions. Or they picture leaving items like grandma’s silver tea service or the family ranch to their children and loved ones. While neither of these are incorrect, they’re […]

What Is a Separate Revocable Living Trust? from Austin Estate Planning Attorney Liz Nielsen

When a couple engages in estate planning, one of the first questions tackled by their estate planning attorney is whether it makes sense for the couple to use a revocable living trust (RLT) as a part of their plan. If so, an important follow-up question for married couples should be whether it makes sense for […]

Multigenerational Wealth Transfer Checklist from Austin Estate Planning Attorney Liz Nielsen

Studies estimate that 70 percent of family wealth is lost by the end of the second generation and 90 percent by the end of the third generation.[1] To help your loved ones avoid becoming part of this multigenerational wealth transfer statistic, you need to educate and update your family about your wealth transfer goals and the […]