When crafting an estate plan, an important component is the Financial Power of Attorney document. In a financial power of attorney [1], you designate a trusted decision maker (agent or attorney-in-fact) to act on your behalf if you become disabled or unable to manage your financial affairs. Depending on the provisions you choose to include, your […]
Taxes
When Rock Legends Pass Away: The Possible Fates of Meat Loaf’s $40 Million Estate From Austin Estate Planning Attorney Liz Nielsen
Meat Loaf, whose real name was Michael Lee Aday, passed away earlier this year at the age of seventy-four. The singer behind 1977’s Bat Out of Hell—one of the best-selling albums of all time—experienced ups and downs befitting his larger-than-life persona. He hit bottom with his 1983 bankruptcy but rode a 1990s career rebirth to […]
How to Protect Your Home when Naming Your Child Recipient on Your Home from Austin Estate Planning Attorney Liz Nielsen
The American Dream envisions home ownership for everyone. And most of us save for this purchase with the thought of passing it on to our families one day. But questions about ownership and how it’s passed on are pretty common. Questions like, “If I give my home to my child in my will, can they […]
Why Singles Should Worry about Estate Planning from Austin Estate Planning Attorney Liz Nielsen
As a single individual, you may feel overwhelmed about estate planning. If you don’t have many assets, you may wonder if an estate plan is even worth it. Yet, for single people, estate planning matters very much, since there is more than just probating your estate. Questions of who can act on your behalf when […]