The title of trustee implies that this position should be held by someone you find trustworthy, and for good reason. Serving as a trustee of a trust carries significant responsibility and duty not just to you as the trust’s creator but also to the beneficiaries who depend on accurate, faithful administration. While being named a […]
Trust
Should You Update Your Estate Plan Now? from Austin Estate Planning Attorney Liz Nielsen
Since creating your estate plan, have you thought about updating it? If you are like most people, probably not. The temptation to check off the “estate plan” box from the adult to-do list and never look back is a strong one. However, that carefully thought-out plan you created years ago may not meet your current […]
Common Mistakes When Leaving Assets to Minor Children from Austin Estate Planning Attorney Liz Nielsen
You love your children and want to ensure that they are always taken care of. The desire to provide for them may also be shared by their grandparents, aunts, and uncles. However, when leaving money and property to minor children, even the best intentions can lead to big problems. Common mistakes can cause chaos for […]
Estate Plans Age Too from Austin Estate Planning Attorney Liz Nielsen
Your estate plan is one of the most important legal tools you will ever create. It is designed to protect you, your loved ones, and your money and property. A well-crafted plan can reduce taxes and fees while ensuring your family is cared for. Depending on the tools you use, it can also keep your […]