Testamentary Trust

Essential Tools for Parents of Minor Children From Austin Estate Planning Attorney Liz Nielsen

Essential Tools for Parents of Minor Children by Austin Estate Planning Lawyer Liz Nielsen

Approximately three-fourths of Americans do not have a basic will.[1] Many of the same people also have children under the age of 18, which underscores a major misunderstanding about estate plans: They can accomplish much more than just handling financial assets (money, accounts, and property). One of the most important estate plan functions for parents […]

Living, Testamentary, and Constructive Trusts: Are They All the Same? from Austin Estate Planning Attorney Liz Nielsen

In the world of estate planning, terms that refer to legal documents such as wills, trusts, powers of attorney, and healthcare directives can be confusing and even overwhelming at times. What is a will, and how does it differ from a trust? What distinguishes a springing power of attorney from an immediate power of attorney? […]