How to Make Your Inheritance Last, from Austin Estate Planning Lawyer Liz Nielsen A 2012 study by Ohio State researcher Jay Zagorsky found that about one-third of Americans who receive an inheritance have negative savings within two years of getting their money, and of those who receive $100,000 or more, nearly one in five spend, […]
If you think you only need to create Discretionary Lifetime Trusts for young, troubled, or financially inexperienced beneficiaries, then think again. In this age of frivolous lawsuits and high divorce rates, discretionary lifetime trusts should be considered for all your beneficiaries, minors and adults alike. What Is a Discretionary Lifetime Trust? A Discretionary Lifetime Trust […]
Suddenly coming into money can be both a blessing and a curse. Whether you just signed a multiyear, multi-million dollar employment contract, received a significant inheritance, expect a large check from a lawsuit verdict or divorce settlement, or just won the lottery, you need help from professionals to avoid negative consequences from your windfall. Below […]
Whether you have accumulated a little or a lot of wealth over your lifetime, it is likely that you have some particular thoughts on how you would like those assets to be used by loved ones after your death. Maybe you would like the assets to be used as a down payment on a home, […]
