Who Should Be Your Successor Trustee? If you have a revocable living trust, you probably named yourself as the initial trustee so you can continue to manage your financial affairs. Eventually someone else will need to step in when you are no longer able to act due to incapacity or after your death, however. Your […]
Incapacity Planning
Importance of Properly Revoking Powers of Attorney, from Austin Estate Planning Lawyer Liz Nielsen
It is very important to regularly review and update all of your estate planning documents. However, your financial power of attorney, also known as a Statutory Durable Power of Attorney in Texas, is one document that should be reexamined more frequently than others. Revisiting your financial power of attorney will help ensure that the person […]
Estate Planning Is More Than Just Death Planning From Austin Estate Planning Lawyer Liz Nielsen
Many believe that estate planning is simply instructions on how to distribute your assets upon your death, but the reality is that proper estate planning can do much more. While one major benefit of estate planning is to provide for your family and friends when you are gone, there are many benefits for you as […]
How to Choose a Guardian for Yourself from Austin Estate Planning Lawyer Liz Nielsen
Every day we make hundreds of decisions from what to eat for breakfast to where we go on vacation. With each passing day, there are more choices to be made. But, what will happen if you can’t make decisions for yourself? Before that time comes, there is one important decision you need to make. Who […]