Nielsen Law
  • Home
  • Who we are
  • What we do
    • Estate Planning
    • Special Needs Planning
    • Probate and Estate Adminstration
    • Business Planning
    • You need a plan if…
  • Our Blog
  • Our Videos
  • Get in touch
  • Home
  • Who we are
  • What we do
    • Estate Planning
    • Special Needs Planning
    • Probate and Estate Adminstration
    • Business Planning
    • You need a plan if…
  • Our Blog
  • Our Videos
  • Get in touch

Gift tax

What Is the Last Surviving Spouse Rule? from Austin Estate Planning Attorney Liz Nielsen

Portability

Estate planning can be a significant part of successful financial management, especially for married couples. One key consideration is minimizing estate taxes, which can substantially affect the distribution of money and property to a married couple’s loved ones. Portability can make a significant difference when it comes to the taxation of an estate. What Are […]

By Liz Nielsen January 5, 2024

Why Can’t We Have a Joint Trust If We Are Unmarried? from Austin Estate Planning Attorney Liz Nielsen

Unmarried

Joint trusts are beneficial for many married couples, especially if they have a stable relationship, do not have many creditors, and do not live in a state where their estate may be subject to a state death tax. Compared to separate trusts, they are easier to fund, allow the surviving spouse to have complete control […]

By Liz Nielsen May 9, 2023

When a Gift May Not Be a Gift: the Burden of Gift Taxes from Austin Estate Planning Attorney Liz Nielsen

gift tax

It is better to give than to receive. But if you give a gift above a certain amount, you might end up owing money to the Internal Revenue Service (IRS).  The federal tax code has very specific rules about how much you are allowed to transfer to others each year—and over the course of your lifetime—in […]

By Liz Nielsen March 11, 2022

Avoid These Estate Planning Mistakes from Austin Estate Planning Lawyer Liz Nielsen

Unwise ways to leave children their inheritance Austin Estate Planning Lawyer

Estate planning offers many ways to leave your inheritance to your children, but it’s just as important to know what not to do. Here are some common estate planning mistakes that you should avoid. “Oral Wills” If you feel you have a good rapport with your family or don’t have many assets, you might be […]

By Liz Nielsen October 29, 2019
  • Home
  • Who we are
  • What we do
  • Our Blog
  • Our Videos
  • Get in touch

Business WordPress theme   |   Made with by ThemeFuse

to top button