Estate planning is the process of developing a strategy for the care and management of your estate if you become incapacitated or upon your death. One commonly known purpose of estate planning is to minimize taxes and costs, including taxes imposed on gifts, estates, generation skipping transfer and probate court costs. However, your plan must […]
Life Changes
Is Your Estate Plan as Stale as Last Week’s Ham Sandwich? 5 Reasons to Update Your Estate Plan From Austin Estate Planning Lawyer Liz Nielsen
Estate plans are almost magical: They allow you to maintain control of your assets, and yet protect you should you become incapacitated. They take care of your family and pets. And, if carefully crafted, they reduce fees, taxes, stress, and time delays. Estate plans can even keep your family and financial affairs private. But one […]
Stress Test Your Estate Plan From Austin Estate Planning Lawyer Liz Nielsen
So, you have done the hard work of establishing an estate plan. Good for you! However, you still have serious work to do to ensure that the strategy you have selected will maximize your peace of mind and protect your legacy. Estate plans should be like living, breathing creations that reflect the changes in your […]
Do You Update Your Estate Plan As Often As Your Resume? From Austin Estate Planning Lawyer Liz Nielsen
A resume is a “snapshot” of your experience, skill set, and education at a certain point in your life which provides prospective employers insight into who you are and how you will perform. Imagine not updating that resume for 5, 10, or even 15 years. Would it accurately reflect your professional abilities? Would it do […]