There’s really only one thing you can be certain about in this world, that things change. If your life or the law has changed since you signed your will or trust agreement, you need to update your estate plan. You can make updates to a revocable living trust by way of an amendment or a […]
Generational Planning
Silent Trust: Could I Be the Beneficiary of a Trust and Not Know It? from Austin Estate Planning Attorney Liz Nielsen
People who have accumulated a substantial amount of wealth during their lifetime are often reluctant to disclose the full extent of their wealth to their children. Although there may be a number of good reasons for high-net-worth individuals to create a trust with their children as beneficiaries, the phrase “trust fund baby” immediately brings to […]
How to Protect Your Home when Naming Your Child Recipient on Your Home from Austin Estate Planning Attorney Liz Nielsen
The American Dream envisions home ownership for everyone. And most of us save for this purchase with the thought of passing it on to our families one day. But questions about ownership and how it’s passed on are pretty common. Questions like, “If I give my home to my child in my will, can they […]
Estate Planning Considerations for Couples with an Age Gap from Austin Estate Planning Attorney Liz Nielsen
With couples of similar ages, planning for the future is naturally a joint effort. However, if your marriage has a sizeable age gap, meaning you are married to someone who is significantly older or younger than you, the future can look different and mean different things to each of you. To protect yourself, your spouse, […]