As the name suggests, ABC’s TV show Modern Family depicts the relationships and experiences between a fictional extended family. Throughout the course of the series, the show addresses many issues that families deal with each day. For a close-knit family, such as this fictional one, estate planning is crucial to ensure that everyone is protected […]
Tax Planning
Spousal Lifetime Access Trusts: What You Should Know from Austin Estate Planning Attorney Liz Nielsen
No one wants to pay more taxes than they have to. To carry out this objective, many people search for the perfect estate planning tool that will allow them to control as much of their money and property as possible while reducing the amount they or their loved ones will have to pay the government. […]
Handling S Corporation Interests in Estate Planning: Electing Small Business Trusts and Qualified Subchapter S Trusts from Estate Planning Attorney Liz Nielsen
One of the many challenges of owning a small business is determining the appropriate tax classification of the business. When an individual owns a business entity that is classified either entirely or partially as an S Corporation, it is important to seek the guidance of an experienced estate planning attorney and tax advisor for planning […]
Generation-Skipping Transfer Tax from Estate Planning Attorney Liz Nielsen
When it comes to federal taxes, most people are very aware of the federal income tax.. This is because, if they earn a paycheck, they cannot help but notice the deductions each pay period. But there are lesser-known taxes such as the capital gains tax (a form of income tax), the estate tax, the gift […]