As a member of the growing unmarried single people population, you may find yourself wondering who will step in to make important decisions for you if you become unable to do so or who will receive your money and property after your death. Although parents, siblings, or other loved ones may be the first people […]
Tax Planning
Caution: Writing Your Own Deed to Avoid Probate Can Lead to Costly Unintended Consequences from Austin Estate Planning Attorney Liz Nielsen
One goal of estate planning is to ensure assets, including your home, pass to chosen beneficiaries quickly and inexpensively. In real estate, a common strategy to avoid probate is adding others to the title of the property, such as a spouse, children, or other beneficiaries. Many who use this strategy are banking on using the […]
International Inheritance Laws from Austin Estate Planning Attorney Liz Nielsen
Estate planning can be complicated enough when all your assets and loved ones are located within one country. But for US residents with international connections, whether through property, citizenship, residency, business interests, or loved ones living abroad, it can become significantly more complex with international inheritance laws. Different countries have different rules about who inherits, […]
Homestead Exemptions and Estate Planning from Austin Estate Planning Attorney Liz Nielsen
The term homestead may seem like a throwback to pioneer days, but homestead exemption laws are directly relevant to today’s estate planning and can play a valuable role in a modern plan. Almost every state has some form of homestead exemption law primarily focused on reducing property taxes and protecting home equity from creditors. While the […]