Misconceptions about who needs an estate plan abound. Most people believe that estate planning is only for extremely wealthy business moguls or celebrities. But that could not be further from the truth. Estate planning is the process of making decisions about what happens to you, your money, and your property when you pass away or […]
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A Tale of Two Celebrities from Austin Estate Planning Attorney Liz Nielsen
The death of an iconic figure can sometimes impact us deeply because it reminds us of our shared humanity. With a celebrity’s passing, we realize that death is an equalizer. It also reminds us of the importance of estate planning to protect a person’s money and property. Estate planning is not reserved for those with […]
Dying with a Will or Trust v. Dying Intestate from Austin Estate Planning Attorney Liz Nielsen
Most people understand that having some sort of an estate plan is a good thing. Many people do not understand the nuances between a will and trust – and dying without either – but should not deter you from starting. Here is what will generally happen if you die, intestate (without a will or trust), […]
What if My Beneficiary Dies First? from Austin Estate Planning Attorney Liz Nielsen
When planning for death, most people assume they will die before their beneficiaries (e.g., their spouse, children, and grandchildren). While these assumptions are often well-founded, they do not always come to pass. Sometimes a beneficiary of an estate or trust dies before the person leaving the inheritance. If this has happened to you, you may […]