Ask any estate planning attorney and many will admit a main goal of clients it to avoid probate. Even in states where the process is quicker and easier, probate tends to remain something of a boogeyman. Today, many people use tools such as revocable living trust instead of a will, joint ownership, or beneficiary designation as […]
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How an Inheritance Can Enhance Your Loved One’s Educational Experience from Austin Estate Planning Attorney Liz Nielsen
A primary goal of estate planning is to financially provide for your loved ones. One way to ensure that they are set up for lifelong success is with an inheritance that pays for their education. Higher levels of education are positively correlated with better life outcomes, including improved health, longer lifespans, and higher incomes.[1] However, education […]
Five Reasons Why Your Relative May Not Make a Good Trustee from Austin Estate Planning Attorney Liz Nielsen
If you have created a trust that you intend to last for decades, choosing the right trustee is critical to ensuring the trust’s longevity and ultimate success. Initially, you may think that a relative (for example, Uncle Bill to your children, who are the initial beneficiaries of your trust) will be the best choice as […]
Keeping Your Loved One’s Memories Alive From Austin Estate Planning Attorney Liz Nielsen
When somebody close to us passes away, we are left with constant reminders of the memories. Maybe it is a jacket hanging in the closet that still bears the scent of their cologne, a dog-eared book on their nightstand, their handwriting on a scrap of paper, a bench where they sat and fed the ducks, […]