Common Trusts

Pot Trusts Explained for Families from Austin Estate Planning Attorney Liz Nielsen

A pot trust, sometimes referred to as a common trust, is a way to hold money and property for a group of beneficiaries, usually children or other family members, in one shared trust. Instead of dividing everything into separate shares right away, the assets stay together in a single fund, allowing the trustee (the person in charge […]

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 […]