It’s a constant, death and taxes. And even death doesn’t stop the tax man. As part of wrapping up your estate, your executor must file a final income tax return with the IRS. This tax return is for the portion of the last year you were alive. For Whom Must an Estate Tax Return Be […]
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Dying With Firearms: What Do I Do? From Austin Estate Planning Attorney Liz Nielsen
According to the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), from 1986 through 2018, tens of millions of firearms were both manufactured in and imported into the United States.[1] Where are those guns today? They are most likely filling gun safes, closets, nightstands, and desk drawers in homes all across this country. Regardless of […]
Reviewing Your Plan after a Death from Austin Estate Planning Attorney Liz Nielsen
The death of a loved one is never easy. Regardless of your relationship with the deceased, you need space and time to process and grieve your loss. Once you have had time to cope with all that has happened, you should consider updating your own estate plan in light of your loved one’s death. We […]
What if I Cannot Find the Will? from Austin Estate Planning Attorney Liz Nielsen
If a loved one has recently died or become mentally incapacitated, finding the person’s Will and other estate planning documents is essential. These documents are critical to making decisions on the loved one’s behalf, gaining access to accounts, and discovering your deceased loved one’s wishes regarding how to distribute the individual’s money and property. Properly […]