Comprehensive estate planning involves more than just planning for your legacy after your death, avoiding probate, and reducing taxes. Good estate planning also appoints people to make legal, financial, and medical decisions for you if you are alive but unable to make those decisions for yourself (in other words, if you are incapacitated). While no […]
Family
Who Will Care for Your Child When You Cannot? from Austin Estate Planning Attorney Liz Nielsen
As a parent, you are responsible for the care of your minor child. In most circumstances, this means getting them up for school, making sure they are fed, and providing for other basic needs. However, what would happen if you and your child’s other parent were unable to care for them? It is important to note […]
Who Should Be the Trustee of a Third-Party Special Needs Trust? from Austin Estate Planning Attorney Liz Nielsen
Family members with special needs may require assistance throughout their lives. If you want to ensure that a loved one with a disability is taken care of after you are gone, you can help manage resources for them by using a third-party special needs trust (SNT). Also known as a supplemental needs trust, a third-party […]
Demystifying Probate and the Executor’s Role from Austin Estate Planning Attorney Liz Nielsen
When creating a last will and testament (commonly known as a will), one of your most important considerations is who to choose to serve as the executor (sometimes called a personal representative) of your estate. As the name implies, the role of the executor is to execute the instructions that you provide in your will. […]