Although the word “inheritance” usually conjures up images of property or accounts with significant monetary value, you can leave your family an even longer-lasting inheritance by doing these seven things, even if you don’t have a lot of money. Make a Plan Often, people who do not have a lot of money think that it […]
Blended Families
When Rock Legends Pass Away: The Possible Fates of Meat Loaf’s $40 Million Estate From Austin Estate Planning Attorney Liz Nielsen
Meat Loaf, whose real name was Michael Lee Aday, passed away earlier this year at the age of seventy-four. The singer behind 1977’s Bat Out of Hell—one of the best-selling albums of all time—experienced ups and downs befitting his larger-than-life persona. He hit bottom with his 1983 bankruptcy but rode a 1990s career rebirth to […]
Encanto and Estate Planning Lessons From Austin Estate Planning Attorney Liz Nielsen
Not only is Disney’s award-winning animated film Encanto hugely entertaining, it also contains the following valuable estate planning lessons: Leaving a family legacy is important and can have an impact beyond your immediate family. Be sure to consider the significance of multigenerational planning. Treating each beneficiary as a unique person is essential. Naming the “strongest” […]
Updating Your Estate Plan: How Many Tweaks Are Too Many? From Austin Estate Planning Attorney Liz Nielsen
There’s really only one thing you can be certain about in this world, that things change. If your life or the law has changed since you signed your will or trust agreement, you need to update your estate plan. You can make updates to a revocable living trust by way of an amendment or a […]