Family strife is horrible for everyone involved, and often spills over into estate planning, with hurled threats of “I’ll cut you out of my will” not uncommon for feuding families. If you find yourself in the unfortunate position of having family conflict lead to estranged loved ones and changes estate plans, know these changes often […]
Beneficiaries
Should You Update Your Estate Plan Now? from Austin Estate Planning Attorney Liz Nielsen
Since creating your estate plan, have you thought about updating it? If you are like most people, probably not. The temptation to check off the “estate plan” box from the adult to-do list and never look back is a strong one. However, that carefully thought-out plan you created years ago may not meet your current […]
Common Mistakes When Leaving Assets to Minor Children from Austin Estate Planning Attorney Liz Nielsen
You love your children and want to ensure that they are always taken care of. The desire to provide for them may also be shared by their grandparents, aunts, and uncles. However, when leaving money and property to minor children, even the best intentions can lead to big problems. Common mistakes can cause chaos for […]
Foster Children in an Estate Plan from Austin Estate Planning Attorney Liz Nielsen
A foster child may enter your life through the court system, an agency, or your extended family. No matter how it starts, the relationship can become deeply personal, with a strong feeling the child is yours. However, the law does not always see the relationship this way for inheritance purposes. If you die without estate […]