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Living Trusts

Nonjudicial Settlement Agreements: The Good, the Bad, and the Ugly from Austin Estate Planning Attorney Liz Nielsen

Nonjudicial

Some trusts are irrevocable as soon as they are created, which means that, in general, the trustmaker/grantor (the person who created and funded the trust) cannot terminate or modify it to take back the money or property that the trust holds. You may wonder why anyone would want an irrevocable trust, but irrevocable trusts can […]

By Liz Nielsen March 21, 2023

Have You Chosen the Right Trustee? from Austin Estate Planning Attorney Liz Nielsen

Trustee

Whether you are reviewing your existing trust or creating a new trust, you should understand the important role that trustees play not only in handling trust matters but also in providing for and protecting your loved ones. What is a Trust? A trust is an agreement between an owner of accounts and property (Trustmaker/Grantor) and […]

By Liz Nielsen March 14, 2023

Disability Panels to Take Back Control from Austin Estate Planning Attorney Liz Nielsen

Disability

When you create an estate plan, it is an admission of your mortality. But even if you accept that you are not going to live forever, you may be slower to face the possibility that you could become incapacitated before you die. Although it can be an uncomfortable topic, incapacity is an essential but often […]

By Liz Nielsen March 14, 2023

Top 3 Estate Planning Myths from Austin Estate Planning Attorney Liz Nielsen

Myths

Like any other complex subject, estate planning has its share of myths and misconceptions.  Understanding the top three estate planning myths will help you to create and maintain a plan that will work the way you expect it to work when it’s needed. Myth #1 – You Don’t Need an Estate Plan Because Your Spouse […]

By Liz Nielsen February 28, 2023
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