Approximately three-fourths of Americans do not have a basic will.[1] Many of the same people also have children under the age of 18, which underscores a major misunderstanding about estate plans: They can accomplish much more than just handling financial assets (money, accounts, and property). One of the most important estate plan functions for parents […]
Estate Planning
Legacy Planning: Because Money Isn’t Everything From Austin Estate Planning Attorney Liz Nielsen
Money and property may be the most discussed types of wealth that a person owns, but the riches of their experience and wisdom can mean even more to loved ones down the line. Reinforcement of legacy and family traditions can be built into your estate plan alongside your wishes regarding the distribution of your money, […]
Should I Buy a Home with Someone Other than a Spouse? From Austin Estate Planning Attorney Liz Nielsen
Rising housing costs, the desire for companionship, and the need to share resources are increasingly leading buyers to consider co-ownership of a home with someone other than a spouse, such as a friend, relative, or significant other. Although this arrangement can be beneficial on several levels, it should be approached with open communication, careful planning, […]
Who Should Be Your Successor Trustee? From Austin Estate Planning Attorney Liz Nielsen
If you have a revocable living trust, you probably named yourself as the initial trustee so that you can continue to manage your financial affairs. However, someone else will eventually need to step in to administer your trust when you are no longer able to act due to incapacity (the inability to manage your affairs) […]