Revocable Living Trust

The ABCs of RLTs, by Austin Estate Planning Lawyer Liz Nielsen

ABCs of RLTs Austin Estate Planning Lawyer

You may have heard of a revocable living trust (RLT), which is a commonly used estate planning solution. But what exactly are they, who is affected by them, how can they be changed, and what do they accomplish? What Are They? Trusts, which are legal entities that hold title to property for the benefit of […]

The Trust Protection Myth: Your Revocable Trust Protects Against Lawsuits from Austin Estate Planning Lawyer Liz Nielsen

Trust protection myth from Austin estate planning attorney Liz Nielsen

Many people believe that once they set up a revocable living trust and transfer assets into the trust, those assets are protected from lawsuits. This is absolutely not true. While Trusts commonly provide asset protection for beneficiaries, few trusts protect assets owned by the person who created the trust. No Immediate Asset Protection? Why Should […]