Bankruptcy may be one of the last things on your mind when you are creating an estate plan. Fortunately, the number of bankruptcy filings has declined over the past several years, but there were still a whopping 544,463 bankruptcy filings in 2020.[1] What happens to your estate if you file for bankruptcy protection but die […]
Inheritance
Common Trusts: Parenting beyond the Grave from Austin Estate Planning Attorney Liz Nielsen
Parents strive to make their children feel equally valued as reflected in the fact that, when setting up an estate plan, parents typically divide their accounts and property equally among their children. But while parents strive to treat their children the same, they simultaneously acknowledge that children have different needs at different times. And these […]
The Zappo’s CEO and the Importance of Estate Planning from Austin Estate Planning Attorney Elizabeth Ziegler
Our lives are full of everyday superstitions. Knock on wood, don’t step on sidewalk cracks, and that talking about bad things make them more likely to happen. This last one is among the most given reasons why people don’t make estate plans. “If I talk about it, then I’ll die” goes the excuse. Unfortunately, this […]
Untangling Tangled Title: Homeownership, Property Deeds, and Estate Planning from Austin Estate Planning Attorney Liz Nielsen
Do you really own the home you live in? If you are currently living in a property that you inherited, but the deed has not been transferred into your name, you may be surprised to learn that, under the law, you are technically not the owner. This legal situation is known as “tangled title.” A tangled […]