A revocable living trust can serve as a valuable estate planning tool to help ensure that your finances remain well managed if you become incapacitated (unable to manage your affairs while you are alive) and to provide future financial security for your loved ones upon your passing. However, merely signing the trust agreement does not […]
Trustee
Your Divorce Decree: The First Step in Estate Planning from Austin Estate Planning Attorney Liz Nielsen
You and your spouse have recently divorced, and the judge has signed the divorce decree. Now what? Although you may feel that you have spent enough time and money on lawyers, there is one last attorney you need to talk to: an estate planning attorney. If you and your former spouse created an estate plan […]
Using AI to Prepare for Your Initial Estate Planning Consultation from Austin Estate Planning Attorney Liz Nielsen
Artificial Intelligence (AI) has been rapidly impacting education and the workforce with users using a variety of platforms, such as ChatGPT, CoPilot, Gemini, and other large language models. These tools have led to the expansion of learning opportunities available at one’s fingertips. By using AI to generate questions for your initial estate planning consultation, these […]
Five Reasons Why Your Relative May Not Make a Good Trustee from Austin Estate Planning Attorney Liz Nielsen
If you have created a trust that you intend to last for decades, choosing the right trustee is critical to ensuring the trust’s longevity and ultimate success. Initially, you may think that a relative (for example, Uncle Bill to your children, who are the initial beneficiaries of your trust) will be the best choice as […]