When people think about estate planning, they often focus on wills, trusts, and inheritance. What’s often overlooked is the home’s condition, especially ongoing roof repairs or insurance claims. For many families in Austin and Travis County, the home is the estate’s largest asset. Unresolved roof damage or open insurance claims can cause delays, confusion, and […]
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What Happens to Real Estate With a Mortgage When I Die? from Austin Estate Planning Attorney Liz Nielsen
Most Americans carry a certain amount of debt during our lifetimes, from unsecured credit card debt, to more substantial debt like a mortgage. When you pass away, your debts are an issue which must be addressed. What happens to your debts often depends on the type of debt and the state where you live. Debts […]
National Home Remodeling Month – How Remodeling Your Home Could Impact Your Estate Plan from Austin Estate Planning Attorney Liz Nielsen
Spring is associated with renewal, and as the weather gets warmer, many homeowners turn their attention to renovation projects. Each May, the home remodeling industry and the National Association of Home Builders (NAHB) celebrate National Home Remodeling Month. In 2023, over 17 million home remodeling projects are expected to be undertaken in the United States. […]
Is Our Home Community Property or Separate Property, and Why Does It Matter? from Austin Estate Planning Attorney Liz Nielsen
When two people get married, the property they obtain during their marriage is called marital property. This includes anything from real property like homes and rental properties, stock options, investment accounts, heirlooms, and employment income. A common assumption is that spouses want to share their property once they’re married. This assumption is not always true, […]