It has been said that nothing ever dies on the Internet. While this dictum is typically used as a warning that what we put online may come back to haunt us, it is also true that our online accounts can outlive us, and even live in perpetuity. Having a digital estate plan that makes arrangements […]
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What Not to Include in Estate Planning Documents from Austin Estate Planning Attorney Liz Nielsen
One important purpose of estate planning is to facilitate the transfer of ownership of your money and property to your family and loved ones when you pass away. For this transfer to be as stress-free and efficient as possible, it is crucial that estate planning documents be thorough and provide the necessary information. Nevertheless, there […]
What Is a Devise in My Estate Plan? from Austin Estate Planning Attorney Liz Nielsen
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. […]
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 […]