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Revocable Trust

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

Reasons Why a Trust Might Terminate from Austin Estate Planning Attorney Liz Nielsen

Trust Terminate

Nothing lasts forever. While trusts can stretch across generations and keep valuable money and property within a family, no trust has unlimited funds or an interminable time horizon. Every trust, at some point, will end. The reasons why a trust might terminate can vary, but in general, termination occurs because the trust has accomplished its purpose. […]

By Liz Nielsen December 14, 2021

The Impact of Fender Benders on Estate Planning from Austin Estate Planning Attorney Liz Nielsen

Fender Benders

In the words of George R. R. Martin’s fictional characters from the noble house Stark, “Winter is coming.”  Along with this change of seasons comes a change in driving conditions in much of North America—slippery roads, rain, snow, less sunlight during the morning and evening commutes, and a variety of other hazards. Unfortunately, with an increase […]

By Liz Nielsen November 30, 2021
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