When tackling estate planning, adding a payable-on-death (POD) or transfer-on-death (TOD) designation to an account allows the assets (money and property) in that account to be passed to a named beneficiary when the original account holder dies. Like trusts, POD and TOD accounts bypass probate. They are also fast, easy, and usually free to set […]
Inheritance
What Is a Devise in My Estate Plan? from Austin Estate Planning Attorney Liz Nielsen
If you are thinking about creating an estate plan, you may hear some new and confusing terms that can make your head spin. To add to your bewilderment, not only are some of the words unfamiliar, they may also be homophones—words that are pronounced the same as other words, but have different meanings and spellings. […]
The Death of Raquel Welch and What Her Estate Plan Is (or Might Be) from Austin Estate Planning Attorney Liz Nielsen
Raquel Welch, whose acting career spanned five decades, passed away in February at the age of eighty-two. Welch appeared in more than thirty films and fifty television series, won a Golden Globe Award, and has a star on the Hollywood Walk of Fame. However, Welch was more than an actress. She was also a savvy […]
Estate Planning for Single Parents with Minor Children from Austin Estate Planning Attorney Liz Nielsen
You have a minor child who depends on you for their survival, so you need to make sure they will be cared for if you are ever unable to care for them. By creating an estate plan, you can address your minor child’s care and custody and provide instructions about how your money and property […]