The death of an iconic figure can sometimes impact us deeply because it reminds us of our shared humanity. With a celebrity’s passing, we realize that death is an equalizer. It also reminds us of the importance of estate planning to protect a person’s money and property. Estate planning is not reserved for those with […]
Probate
What if My Beneficiary Dies First? from Austin Estate Planning Attorney Liz Nielsen
When planning for death, most people assume they will die before their beneficiaries (e.g., their spouse, children, and grandchildren). While these assumptions are often well-founded, they do not always come to pass. Sometimes a beneficiary of an estate or trust dies before the person leaving the inheritance. If this has happened to you, you may […]
Probate’s Effect on Inheritance From Austin Estate Planning Lawyer Liz Nielsen
No one looks forward to the passing of a loved one, but many people cannot help but wonder about a future inheritance. Often when a person dies and leaves money or property, the beneficiaries and heirs want to know about the overall value of the estate. Most jurisdictions require an executor or trustee shares this […]
3 Ways to Avoid Probate Costs from Austin Estate Planning Lawyer Liz Nielsen
The bad news: When a deceased person’s estate (all of their money and property) has to go through probate (the court-supervised process of distributing a deceased person’s money and property), it can be subject to a variety of costs stemming from attorneys, executors, appraisers, accountants, and courts, as well as potential delays. The good news: […]