Estate planning is about protecting what’s important to you. Although much of the traditional estate planning conversation focuses on surviving spouses, children, grandchildren, many pet parents wonder about what could happen to their “furry children” after their death or if they become incapacitated and unable to care for the pets. Read on if you’ve ever thought, “What will happen to my cat, dog, or other pet if I pass away?” “What if I’m incapacitated and unable to care for them?”
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Why Factoring Long-Term Care Into Your Estate Plan Pays Off from Austin Estate Planning Lawyer Liz Nielsen
For most people, thinking about estate planning means focusing on what will happen to their money after they pass away. But that misses one pretty significant consideration: the need to plan for long-term care.
The last thing any of us want to contend with when a health issue arises later in life is having to throw together a hasty estate planning solution in the face of mounting medical costs. Your best defense is careful planning with the help of a trusted expert.
Safety Tips for Seniors from Austin Estate Planning Lawyer Liz Nielsen
Your home is where you should feel the most comfortable. It’s where you and your loved ones have made the most memories, and where you likely envisioned spending the rest of your life. As we get older, however, it can become more difficult to live independently. Our senses, our minds and our bodies aren’t what they used to be — making even the simplest household tasks more strenuous and dangerous. Because we value our independence and want to continue living in the homes we’ve known for so long, it’s imperative for seniors to understand how to continue living safely on their own.
How to Leave Assets to Adult Children from Austin Estate Planning Lawyer Liz Nielsen
When considering how to leave assets to adult children, the first step is to decide how much each one should receive. Most parents want to treat their children fairly, but this doesn’t necessarily mean they should receive equal shares of your estate. For example, it may be desirable to give more to a child who is a teacher than to one who has a successful business, or to “compensate” a child who has been a primary caregiver.