As a business executive, you are used to strategizing and creating goals as part of your job. But have you devoted time to strategizing and creating goals for not only asset protection, but also to protect yourself and your loved ones? If not, we are here to help you address some of the goals business […]
Trusts
Collecting Debts on Behalf of Your Deceased Loved One from Austin Estate Planning Attorney Liz Nielsen
People often engage in transactions that result in money being owed to them, such as loaning money to a friend or business partner or renting a house to a tenant. But what happens if someone passes away before they receive the money owed to them? Can someone else collect these debts? If your loved one […]
Limited Impact of Estrangement on Estate Planning from Austin Estate Planning Attorney Liz Nielsen
Unfortunately, rifts sometimes arise between family members that are much more serious than just temporary squabbles. The result may be estrangement, defined as “the state of being alienated or separated in feeling or affection; a state of hostility or unfriendliness” or “the state of being separated or removed.”[1] Estrangement does not mean that the relationship […]
Beware of Unequal Contributions When Co-Buying a House from Austin Estate Planning Attorney Liz Nielsen
At a time of record home unaffordability, more people are teaming up with friends and relatives to realize the home ownership dream. According to the National Association of Realtors (NAR), more than 75 percent of homes on the market now are too expensive for middle-income buyers. Just five years ago, this same income group could […]