Discretionary Trusts – How to Protect Your Beneficiaries from Bad Decisions and Outside Influences From Austin Estate Planning Lawyer Liz Nielsen

Discretionary Trusts from Austin Estate Planning Attorney Liz Nielsen

Leaving your hard-earned assets outright to your children, grandchildren, or other beneficiaries after you die may seem like the easiest and most desired form of distribution. Unfortunately such a scheme will make their inheritance easy prey for creditors, predators, and divorcing spouses.  Instead, consider using discretionary trusts for the benefit of each of your beneficiaries. […]

The Trust Protection Myth: Your Revocable Trust Protects Against Lawsuits from Austin Estate Planning Lawyer Liz Nielsen

Trust protection myth from Austin estate planning attorney Liz Nielsen

Many people believe that once they set up a revocable living trust and transfer assets into the trust, those assets are protected from lawsuits. This is absolutely not true.  While Trusts commonly provide asset protection for beneficiaries, few trusts protect assets owned by the person who created the trust. No Immediate Asset Protection?  Why Should […]