If you are thinking about creating an estate plan, you may hear some new and confusing terms that can make your head spin. To add to your bewilderment, not only are some of the words unfamiliar, they may also be homophones—words that are pronounced the same as other words, but have different meanings and spellings. […]
Trusts
Investment and Distribution Trustees: Why Would I Need Both? from Austin Estate Planning Attorney Liz Nielsen
When creating a trust, it is common to name yourself as the initial trustee who is responsible for all aspects of administering the trust. However, when considering who will take over when you can no longer act (either because of illness or death), it is sometimes helpful to divide the responsibilities between two or more […]
Have an Etsy Store? Make Sure It Is Properly Protected from Austin Estate Planning Attorney Liz Nielsen
The online marketplace Etsy has gone from a niche craft seller to one of the largest commerce companies in the world. Etsy has millions of active sellers worldwide, most of whom are based in the United States. Many Etsy sellers rely on the site as a primary or secondary income stream. Collectively, they contribute billions […]
Was Your Loved One a Book Lover? Think Twice Before You Throw Them Out from Austin Estate Planning Attorney Liz Nielsen
An individual’s belongings—such as jewelry, furniture, photographs, and books—sometimes slip through the cracks of their estate plan. While certain books may be gifted to a beneficiary in a loved one’s will, a book lover may leave behind other books that the family must decide what to do with. The family’s first inclination when encountering piles […]