While watching a movie or reading a book about wealthy individuals and their families, you may have come across terms such as “heir,” “descendant,” and “next of kin.” Though made-for-Hollywood storylines use these terms interchangeably, words describing familial relationships have distinct definitions. Using the correct terms is critical in wills, trusts, and other legal documents […]
Intestate
Dying Intestate from Estate Planning Lawyer Liz Nielsen
If an individual dies without having properly prepared an estate plan (meaning they died intestate), they can leave their family members feeling overwhelmed. There are a number of dangers associated with failing to put a well-thought-out estate plan in place that could make your family members feel as though they are drowning if you were […]
Wills, Trusts & Dying Intestate: How They Differ From Austin Estate Planning Lawyer Liz Nielsen
Most people understand that having some sort of an estate plan is a good thing. However, many of us don’t take the steps to have an estate plan prepared because we don’t fully understand the nuances between wills and trusts – or dying without either (intestate). Here’s what will generally happen if you die, intestate […]