The most common stated goal of estate planning is to avoid probate. While a relatively straightforward process in Texas, probate can be somewhat costly and does require a time investment. Finally, when probating a will, that information becomes a matter of public record, all of which most people prefer to avoid. Whether or not your […]
Generational Planning
Assisted Reproductive Technology and Estate Planning from Austin Estate Planning Attorney Liz Nielsen
According to data provided by the Center for Disease Control (CDC), approximately 1.9% of all infants born in the United States in 2018 were conceived using assisted reproductive technology (ART).[1] ART is defined by the CDC as all fertility treatments in which both eggs and embryos are handled. It can involve a number of procedures, […]
Right of First Refusal on Property from Austin Estate Planning Attorney Liz Nielsen
Estate planning attorneys are occasionally asked by clients whether an estate plan can include a right of first refusal (ROFR) (sometimes called a first right of refusal) on certain items or parcels of property. The following example helps to illustrate the way this legal tool is used and why it might be useful in your […]
Dying with a Will or Trust v. Dying Intestate from Austin Estate Planning Attorney Liz Nielsen
Most people understand that having some sort of an estate plan is a good thing. Many people do not understand the nuances between a will and trust – and dying without either – but should not deter you from starting. Here is what will generally happen if you die, intestate (without a will or trust), […]