Annual exams are a part of life. As we age, these appointments grow more and more important to catch potential issues before they become serious. Similarly, due to ever-changing tax laws and interpersonal relationships, it’s a good idea for clients to review their estate plan regularly. When your estate plan is written, it reflects the […]
Incapacity Planning
What to Do After a Loved One Dies from Austin Estate Planning Attorney Liz Nielsen
When a family member or other loved one dies, grief and shock can sometimes be overwhelming. You will need this time to grieve. The last thing most people want to think about is making plans or decisions. Some things do not need to be done immediately, but there are some steps that should be taken […]
Who Should Be My Successor Trustee? from Austin Estate Planning Attorney Liz Nielsen
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 […]
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 […]