While it is an honor to be named as an executor of a will or estate, it can also be a sobering and daunting responsibility. Being an executor (sometimes called an administrator) requires a high level of organization, foresight, and attention to detail to meet responsibilities and ensure that all beneficiaries receive the assets to which they are entitled. If you’ve found yourself in the position of “overwhelmed executor,” here are some tips to lighten the load.
Organization
Four Reasons Why Estate Planning Isn’t Just for the Top 1 Percent by Austin Texas Estate Planning Lawyer Liz Nielsen
There is a common misconception that estate plans are only for the ultra-rich – the top 1 percent, 10%, 20%, or some other arbitrary determination of “enough” money. In reality, nothing could be further from the truth. People at all income and wealth levels can benefit from a comprehensive estate plan. Sadly, many have not sat down to put their legal house in order.
How Long Should You Keep Important Documents? from Austin Estate Planning Lawyer Liz Nielsen
In a society dominated by paperwork, the question of how long to hold on to important documents is baffling for most people. We especially worry about documents of a financial or personally identifying nature. People who worry about losing something important sometimes keep everything; others who worry about things like identity theft are too quick […]
How to Share Family History and Heirlooms with Your Estate Plan from Austin Texas Estate Planning Lawyer Liz Nielsen
The best time to share your family history with loved ones is right now, before the memories are forgotten. The coming holiday season is a great opportunity to reminisce because you’ll probably have your loved ones nearby.