When crafting an estate plan, an important component is the Financial Power of Attorney document. In a financial power of attorney [1], you designate a trusted decision maker (agent or attorney-in-fact) to act on your behalf if you become disabled or unable to manage your financial affairs. Depending on the provisions you choose to include, your […]
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Three Steps You Can Take Now to Protect Your Artistic Legacy by Austin Estate Planning Attorney Liz Nielsen
Although your death is probably a long way off, it is important that you have a plan to ensure that your affairs are settled in the way that you want. An estate plan crafted by an experienced estate planning attorney is a legally enforceable set of documents that allows you to name who will have […]
Seven Reasons for Considering a Family Office by Austin Estate Planning Attorney Liz Nielsen
A family office provides management services to a family whose businesses and wealth have become too complex and significant to manage by themselves. It often combines investment, legal, and tax services along with lifestyle and administrative services, such as making travel arrangements or coordinating the use of the family’s private aircraft. In addition to supporting […]
Important Questions to Ask When Investing in a Vacation Property From Estate Planning Attorney Liz Nielsen
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 […]