When you hear the words “Estate Plan” you may immediately think of a Will or a Trust, those final set of instructions of what to do with money and property after you have passed away. However, ask any estate planning attorney, and you’ll learn that a complete estate plan involves a collection of documents which […]
Assets
What You Need to Know About Beneficiary-Controlled Trusts from Austin Estate Planning Attorney Liz Nielsen
Would you like to provide your children or loved ones with an inheritance but protect them from the risks that may accompany a large windfall? If so, you may want to create a beneficiary-controlled trust. A beneficiary-controlled trusts allows the person you name as the trust’s primary beneficiary certain rights, benefits, and control over the […]
Pros and Cons of a Family Limited Partnership from Austin Estate Planning Attorney Liz Nielsen
Owning your own business or investment portfolio can be incredibly rewarding. However, to preserve the fruits of your labor and dedication, you must do everything you can to protect it. Whether you seek to protect yourself, your investments, and your family from taxes, creditors, or probate, a family limited partnership (FLP) is a strategy worth […]
Don’t Let Your Cryptocurrency Give You and Your Loved Ones Nightmares from Austin Estate Planning Attorney Liz Nielsen
Although cryptocurrency may be one of the latest investment strategies with great potential, for some individuals and their loved ones, investing in cryptocurrency has not gone as planned. The following stories are each a little different, but they all underline one simple warning: if you own cryptocurrency, you need a plan! Impact of Volatility on […]