estate administration Archives - Page 2 of 4

What Is the Difference Between a Probate and Trust Administration Attorney and an Estate Planning Attorney? from Austin Estate Planning Attorney Liz Nielsen

Estate planning attorneys and probate and trust administration attorneys play crucial but distinct roles in the legal processes involving legacy planning, asset distribution, and wealth preservation. As part of the estate planning process, you should discuss with your attorney the role they will play during your lifetime and whether they can also assist your loved […]

What Happens to My Leased Car If I Die Before the Lease Term Ends? from Austin Estate Planning Attorney Liz Nielsen

After a house, a car is often the second-most valuable piece of property a person owns. About 15–20 percent of new vehicles are leased rather than purchased and financed. Leasing is a popular alternative to traditional financing because it can allow the lessee (the person who leases a vehicle) to drive a more expensive car on […]

Could a Testamentary Trust Be What Your Loved Ones Need? by Austin Estate Planning Attorney Liz Nielsen

One of the main reasons that a person creates a revocable living trust (a trust established during a person’s lifetime that they can amend or revoke) instead of relying on a will to transfer their money and property to their beneficiaries is to avoid probate. Probate is the court process during which a person’s will […]

Estate Administration: Bills and Services to Cancel or Keep When a Loved One Dies from Austin Estate Planning Attorney Liz Nielsen

A loved one’s passing is challenging on many different levels. In addition to the emotional difficulty of processing someone’s death, there are also the many tasks during estate administration that must be dealt with, such as going through their various accounts and taking the necessary steps to cancel them or transfer ownership. Most people subscribe […]