You have worked hard for years, have family members and friends you care about, and have approached a time in your life when “estate planning” sounds like something you should do, but you are not exactly sure why. You may feel that you are not wealthy enough or not old enough to bother or care. Or you may already have a Will and feel that you are all set on that front. Whatever your current position, consider these common misconceptions about estate planning.
Estate Planning
3 Tips for Overwhelmed Executors by Austin Estate Planning Lawyer Liz Nielsen
While it is an honor to be named as an executor of a will or estate, it can also be a sobering and daunting responsibility. Being an executor (sometimes called an administrator) requires a high level of organization, foresight, and attention to detail to meet responsibilities and ensure that all beneficiaries receive the assets to which they are entitled. If you’ve found yourself in the position of “overwhelmed executor,” here are some tips to lighten the load.
Four Reasons Why Estate Planning Isn’t Just for the Top 1 Percent by Austin Texas Estate Planning Lawyer Liz Nielsen
There is a common misconception that estate plans are only for the ultra-rich – the top 1 percent, 10%, 20%, or some other arbitrary determination of “enough” money. In reality, nothing could be further from the truth. People at all income and wealth levels can benefit from a comprehensive estate plan. Sadly, many have not sat down to put their legal house in order.
How Long Should You Keep Important Documents? from Austin Estate Planning Lawyer Liz Nielsen
In a society dominated by paperwork, the question of how long to hold on to important documents is baffling for most people. We especially worry about documents of a financial or personally identifying nature. People who worry about losing something important sometimes keep everything; others who worry about things like identity theft are too quick […]