The fall, generally late-October or early-November, is the time when employers send out summaries of employee benefits offered by the company and give employees the option to enroll in these benefits. These can generally include retirement plan options, health care, dental, vision, short and/or long-term disability, and life insurance coverage. Your employer may pay 100 […]
Beneficiary Designations
Your Fall “Legal Affairs” Checklist from Austin Estate Planning Lawyer Liz Nielsen
With the fall season approaching, it’s an excellent time to review your affairs. Below is a checklist to ensure your planning meets your needs and is up-to-date: When was your power of attorney last updated? A power of attorney is a valuable legal document, no matter what the circumstance. Not only is it flexible and […]
Why Joint Tenancy Should Not Be the Go-To Plan for Newlyweds from Austin Estate Planning Lawyer Liz Nielsen
If you are recently married or have been married and are acquiring additional assets, know that you have options when it comes to how the property will be titled. And, although joint tenancy seems like an easy and convenient choice, it may not work as well as you would think. What is Joint Tenancy? After […]
Beneficiary, You Can Drive My Car from Austin Estate Planning Lawyer Liz Nielsen
On many of your assets, including retirement accounts or life insurance, you can designate a “beneficiary” to receive the funds upon your passing. There is now a new asset that you can allocate directly to an individual – your car. Texas law will now allow you to name a single beneficiary for any vehicle, registered […]