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 […]
Children
New Baby? Time to Create Your Estate Plan from Austin Estate Planning Attorney Liz Nielsen
Have you just welcomed a new baby to your family? Protecting your newborn means more than car seats and babyproofing. Creating an estate plan to protect your child no matter what life brings is an often overlooked, but important step to complete. Many people delay establishing an estate plan. They delay due to lack of […]
Equal or Fair Distributions: Thoughtful Estate Planning from Austin Estate Planning Attorney Liz Nielsen
Parents generally try to treat all their children fairly. We often assume that fairness means leaving an equal inheritance to each child. However, when it comes to an estate plan “fair” does not always mean “equal.” A thoughtful estate plan considers each child’s unique circumstances to create distributions that truly support their needs. Situations of […]
Property Ownership Pitfalls and How to Avoid Them from Austin Estate Planning Attorney Liz Nielsen
Do you own your home, other property, or a financial account with someone else, like a spouse, adult child, or someone not related to you by blood or marriage? If so, you might be surprised that a common way of owning property could create future problems for your loved ones. There are several forms of […]