Whether or not you have an estate plan in place, you have likely heard the term “probate”. Probate is the legal process by which a deceased individual’s assets are distributed under court supervision. This process is necessary to distribute assets that are solely in the name of the deceased person. Probate is governed by state […]
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Three Legal Things to Do After a Scary Health Diagnosis From Austin Estate Planning Lawyer Liz Nielsen
A scary health diagnosis can be emotionally and logistically challenging for many reasons. For instance, how can you take care of your family if you’re physically incapacitated? In addition to working closely with your medical providers, consider these three legal tips: 1. Check your estate plan with your attorney to make sure it is up […]
Do I Need a Will or Trust? From Austin Estate Planning Lawyer Liz Nielsen
Yes! Everyone needs a will, trust, or both to ensure your legacy is passed on in the way you intend, to provide for children, spouses, and family members, and in the case of trusts, to avoid probate. Wills and trusts are not just for the wealthy: A well-drafted plan ensures that what you do have […]
Is Now the Time to Remodel Your Old Trust? From Austin Estate Planning Lawyer Liz Nielsen
There are several reasons why you should update your existing trust or perhaps your entire estate plan. While estate planning documents do not necessarily have a shelf life, they may not fulfill your goals when your circumstances change. Of course, having estate planning documents that are up-to-date is critical, but how do you know when […]