Owning your own business or investment portfolio can be incredibly rewarding. However, to preserve the fruits of your labor and dedication, you must do everything you can to protect it. Whether you seek to protect yourself, your investments, and your family from taxes, creditors, or probate, a family limited partnership (FLP) is a strategy worth […]
Generational Planning
An Introduction to Dynasty Trusts from Austin Estate Planning Attorney Liz Nielsen
When people create estate plans, they typically focus on handing down their money and property to their children, grandchildren, and other living heirs. But some people want to leave behind a more enduring legacy. For those interested in multigenerational wealth transfer, dynasty trusts could be the answer. Dynasty trusts are relatively new to Texas. Up […]
Batman: The Masked Philanthropist from Austin Estate Planning Attorney Nielsen Law
Among the superheroes, Batman is unique because he has no superpowers. Although he is trained in martial arts and possesses a range of high-tech gadgetry that allows him to fight crime, Batman is entirely human. He does not have genetic mutations, X-ray vision, overpowering physical strength, flying ability, genius-level intellect, or any other god-like powers. […]
Generation-Skipping Transfer Tax from Estate Planning Attorney Liz Nielsen
When it comes to federal taxes, most people are very aware of the federal income tax.. This is because, if they earn a paycheck, they cannot help but notice the deductions each pay period. But there are lesser-known taxes such as the capital gains tax (a form of income tax), the estate tax, the gift […]