Gift

Severing Joint Ownership of Property from Austin Estate Planning Attorney Liz Nielsen

Severing Joint Ownership of Property by Austin estate planning lawyer

One of the most common forms of property ownership in the United States is joint tenancy with rights of survivorship (JTWROS or joint tenancy). But what is joint tenancy? Joint tenancy is a legal right to property that provides the owner an undivided right to the enjoyment of the property. In other words, one joint […]

How to Successfully Make a “Large” Gift to Your Children or Grandchildren from Austin Estate Planning Lawyer Liz Nielsen

What constitutes a “large” gift can be relative. That being said, if you are considering giving cash or property to someone, a little bit of planning can really help avoid negative consequences. This is particularly true if the gifted amounts are over $15,000.00, will be gifted in property, will be gifted on a regular basis, […]