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successor trustee

Have You Chosen the Right Trustee? from Austin Estate Planning Attorney Liz Nielsen

Trustee

Whether you are reviewing your existing trust or creating a new trust, you should understand the important role that trustees play not only in handling trust matters but also in providing for and protecting your loved ones. What is a Trust? A trust is an agreement between an owner of accounts and property (Trustmaker/Grantor) and […]

By Liz Nielsen March 14, 2023

Red Flags When Hiring a Professional to be Your Trustee from Austin Estate Planning Nielsen Law

Red Flag

When you form a trust as part of your estate plan, one of the most important decisions you will make is who will oversee the trust’s management when you are no longer able to manage it (this person is known as your successor trustee). Because a trustee’s work may be time-consuming, complicated, and risk liability, […]

By Liz Nielsen December 16, 2022

A Statement of Intent in Estate Planning Documents from Austin Estate Planning Attorney Liz Nielsen

Statement of Intent

The reasons you, as a trustmaker (in Texas referred to as a grantor), create a trust are certainly special and important to you, but your intent or purpose for creating a trust can also have significant legal ramifications. For this reason, it is often critical that a grantor express in writing a statement of intent, […]

By Liz Nielsen February 11, 2022

Importance of a Successor Trustee from Austin Estate Planning Attorney Liz Nielsen

Importance of a Successor Trustee by Austin estate planning lawyer

An estate plan that includes a revocable living trust is an excellent way to protect yourself and your loved ones upon your passing or in the event you are unable to manage your own affairs. As opposed to other estate planning options, a revocable living trust gives you the ability to keep control of and […]

By Liz Nielsen July 6, 2021
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