Receiving an inheritance is a huge blessing but, if not handled properly, can also become a curse. Often times, the inheritor does not know what to do with the new asset and runs into financial trouble, squandering most, if not all of it. This could happen due to the inheritor having outstanding creditor issues or […]
Legacy Planning
What Estate Planning Awareness Means For You by Austin Estate Planning Lawyer Liz Nielsen
The third week of October is National Estate Planning Awareness Week (Oct. 15-21, 2018). Estate planning is important for everyone regardless of wealth or family status because if you become incapacitated or pass away without an estate plan, you are leaving the distribution of your assets subject to state law – and the results may […]
Rewarding Your Employees By Giving Them the Business from Austin Estate Planning Lawyer Liz Nielsen
Retiring from your business can a tough decision. To ensure that what you have built continues on, there needs to be a plan for succession. For some people, they have spent years grooming a child or other family member to take over, wanting the business to stay in the family. Others look to sell to […]
How an Estate Planning Letter of Intent Can Help Your Family from Austin Estate Planning Lawyer Liz Nielsen
Estate planning is an important task that everyone should undertake as it helps to protect your family and loved ones’ financial future. But estate planning can do much more than focus on finances; it can also provide care for those you leave behind. One aspect of estate planning that is often overlooked but can be […]