Whether you have accumulated a little or a lot of wealth over your lifetime, it is likely that you have some particular thoughts on how you would like those assets to be used by loved ones after your death. Maybe you would like the assets to be used as a down payment on a home, […]
Trusts
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 […]
Are Any of These 11 Mistakes Lurking in Your Estate Plan? From Austin Estate Planning Lawyer Liz Nielsen
Below are 11 of the most common mistakes found in estate plans: 1) Lack of Healthcare and Disability Planning. The majority of deaths occur in hospitals or other institutions. Patients may be incapacitated to the point where they can no longer communicate their healthcare wishes. Advance Directives and a Medical Power of Attorney can identify […]
Four Common Myths about Estate Planning From Austin Estate Planning Lawyer Liz Nielsen
People tend to be drawn to myths and legends. We fall in love with fairy tales and the wild and brave adventures of our beloved hero’s in some of the oldest myths handed down generations. These old wives tales are harmless and fun. However, when the truth gets twisted when it comes to your Estate […]