As parents age and their physical and mental capacities diminish, it is natural for their adult children (recognizing the parents’ decreasing ability to care for themselves) to step in and help them. Often, a specific child will take over the bulk of the responsibilities, such as taking the parent to doctor’s appointments or the attorney’s […]
Children
Changes to Financial Aid and What It Means for Grandparents from Austin Estate Planning Attorney Liz Nielsen
Continuing education is a tradition that many families are proud to pass onto each successive generation. For grandparents who want to leave a legacy to their grandchildren, the gift of a 529 college savings plan is an option. A 529 plan account can not only help a grandchild with educational expenses, it can also help grandparents […]
Common Trusts: Parenting beyond the Grave from Austin Estate Planning Attorney Liz Nielsen
Parents strive to make their children feel equally valued as reflected in the fact that, when setting up an estate plan, parents typically divide their accounts and property equally among their children. But while parents strive to treat their children the same, they simultaneously acknowledge that children have different needs at different times. And these […]
Important Estate Planning Decisions From Austin Estate Planning Attorney Liz Nielsen
For many people, the thought of doing any estate planning strikes fear into their hearts. It can be uncomfortable to even consider the possibility of no longer being able to manage your own affairs, let alone no longer being alive. For far too many people, this causes them to put off the crucial task of […]