Long time readers of this blog will be familiar with the notion that your estate is your money, your property, and even your online assets. We also talk at length about how to handle real property in your estate plan, but there’s one kind of property that’s often passed over when discussing your plan — […]
Car
What Happens to Your Car When You Die? From Austin Estate Planning Lawyer Liz Nielsen
Have you considered what will happen to your automobile after your death? In 2019, it is projected that there will be 281.3 million registered vehicles in the United States,. (Texas, with an estimated 24 million, has almost 9%! California is estimated to have about 50% more). Your automobile is a valuable asset — as well […]
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 […]