Elvis Presley, the King of Rock and Roll, died in 1977. Like most celebrities of his stature, he left behind a complicated legacy—not to mention a considerable estate. Elvis’s estate, including Graceland, ended up in the hands of his only child, Lisa Marie Presley, who passed away in January at fifty-four years old. It is […]
Trust
Five Things to Know Before Including a Limited Liability Company in Your Estate Plan from Austin Estate Planning Attorney Liz Nielsen
When it comes to protecting your hard-earned money and property, it is important that you have the right plan, which can include a number of tools for your unique situation. One tool that might benefit you is a limited liability company (LLC) that owns some of your accounts and property. What is a Limited Liability […]
Ways Your Will Can Be Revoked from Austin Estate Planning Attorney Liz Nielsen
A will (which should be accompanied by other important documents) is a foundational estate planning document. However, according to Gallup, only 46 percent of US adults have a will. This number has remained consistent in Gallup polls dating back to 1990. If you are among the minority of Americans with this crucial estate planning document, […]
Nonjudicial Settlement Agreements: The Good, the Bad, and the Ugly from Austin Estate Planning Attorney Liz Nielsen
Some trusts are irrevocable as soon as they are created, which means that, in general, the trustmaker/grantor (the person who created and funded the trust) cannot terminate or modify it to take back the money or property that the trust holds. You may wonder why anyone would want an irrevocable trust, but irrevocable trusts can […]