It’s a constant, death and taxes. And even death doesn’t stop the tax man. As part of wrapping up your estate, your executor must file a final income tax return with the IRS. This tax return is for the portion of the last year you were alive. For Whom Must an Estate Tax Return Be […]
Probate
Dying With Firearms: What Do I Do? From Austin Estate Planning Attorney Liz Nielsen
According to the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), from 1986 through 2018, tens of millions of firearms were both manufactured in and imported into the United States.[1] Where are those guns today? They are most likely filling gun safes, closets, nightstands, and desk drawers in homes all across this country. Regardless of […]
Preparing Your Assets to Avoid Probate from Austin Estate Planning Attorney Liz Nielsen
The most common stated goal of estate planning is to avoid probate. While a relatively straightforward process in Texas, probate can be somewhat costly and does require a time investment. Finally, when probating a will, that information becomes a matter of public record, all of which most people prefer to avoid. Whether or not your […]
What to Do After a Loved One Dies from Austin Estate Planning Attorney Liz Nielsen
When a family member or other loved one dies, grief and shock can sometimes be overwhelming. You will need this time to grieve. The last thing most people want to think about is making plans or decisions. Some things do not need to be done immediately, but there are some steps that should be taken […]