One thing which will virtually guarantee your estate will go through probate is real property. That’s right, if you own your home in your name individually (meaning you have not created an entity like a trust or LLC, and have not transferred the property’s title to that entity), then your estate will need to go […]
Estate Plan
Estate Planning Considerations for Couples with an Age Gap from Austin Estate Planning Attorney Liz Nielsen
With couples of similar ages, planning for the future is naturally a joint effort. However, if your marriage has a sizeable age gap, meaning you are married to someone who is significantly older or younger than you, the future can look different and mean different things to each of you. To protect yourself, your spouse, […]
When a Gift May Not Be a Gift: the Burden of Gift Taxes from Austin Estate Planning Attorney Liz Nielsen
It is better to give than to receive. But if you give a gift above a certain amount, you might end up owing money to the Internal Revenue Service (IRS). The federal tax code has very specific rules about how much you are allowed to transfer to others each year—and over the course of your lifetime—in […]
The Ins and Outs of Electronic Wills from Austin Estate Planning Attorney Liz Nielsen
It was not very long ago that all legal documents were printed on paper and signed with a pen. But in today’s world (especially in these days of required minimal contact), where we sign commercial contracts, form and run businesses, and buy everything from groceries to cars online, it seems almost prehistoric for state laws […]