Wills

do-it-yourself estate planning
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Why Not Just Go on NoloⓇ and Create Your Own Estate Planning Documents Cheaply? from Austin Estate Planning Lawyer Liz Nielsen

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There are many software programs, as well as websites, that sell do-it-yourself estate planning documents. These websites and form tools seem to offer a convenient and cost-effective alternative to consulting with an estate planning attorney. But do they really meet your needs and protect your family? Is online, do-it-yourself estate planning worth the perceived upfront savings?

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blended families
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Beneficiary Designations and Blended Families: Why You Need to Think Before You Sign from Austin Estate Planning Lawyer Liz Nielsen

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Whether you are in your first marriage or have remarried after a divorce, blended families are a common part of modern society. That being said, it is important to understand that blended families and subsequent marriages create important and unique issues when it comes to estate planning. You may need to account for a prior spouse […]

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single person estate planning
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Not Married? You’re not alone – but you still need a plan. from Austin Estate Planning Lawyer Liz Nielsen

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Approximately half of America’s population over the age of 16 is unmarried. While much of the discussion involving estate planning focuses on married couples, this topic is just as important for a single person. In fact, many times it is even more important that a single person have a well-coordinated estate plan. This is because the default laws governing estates often work poorly for people without a spouse and may not adequately provide for a significant other or unmarried partner. Having a cohesive and well-drafted estate plan will ensure that you protect and provide for those you truly care about upon your death.

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Long-Term Care Austin Estate Planning
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Why Factoring Long-Term Care Into Your Estate Plan Pays Off from Austin Estate Planning Lawyer Liz Nielsen

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For most people, thinking about estate planning means focusing on what will happen to their money after they pass away. But that misses one pretty significant consideration: the need to plan for long-term care.

The last thing any of us want to contend with when a health issue arises later in life is having to throw together a hasty estate planning solution in the face of mounting medical costs. Your best defense is careful planning with the help of a trusted expert.

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minor children
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How to Leave Assets to Minor Children from Austin Estate Planning Lawyer Liz Nielsen

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Most parents want to make sure their children are provided for in the event something happens to them while the children are still minors. Grandparents, aunts, uncles, and good friends sometimes want to leave gifts to beloved young children too. Unfortunately, good intentions and poor planning often have unintended results. Don’t make these common, expensive mistakes. Instead, here’s how to both protect and provide for the children you love.

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Estate Planning Dream
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How Estate Planning Can Help You Dream About Your Future from Austin Estate Planning Lawyer Liz Nielsen

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A dream without a plan is simply a wish. Estate planning is not just about death and taxes — it puts you in the driver’s seat of your financial life, allowing you to set achievable goals. It is a great opportunity to focus on the legacy you want to leave behind for loved ones and your community, help you avoid the expense and delay of probate, as well as help you save on taxes.

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Successor Trustee
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What do Successor Trustees and Executors Do? from Austin Estate Planning Lawyer Liz Nielsen

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Executor’s Duties An executor, sometimes called a personal representative, is the person who is named in a will, appointed by the court, and responsible for probating the will and settling the estate. Depending on the state, an executor may work under court supervision or, as is often seen in Texas, may use so-called “independent” administration for […]

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Payable-On-Death Accounts
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Are Payable-On-Death Accounts Right For You? from Austin Estate Planning Lawyer Liz Nielsen

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A payable-on-death account, also called a POD account or sometimes a transfer-on-death (TOD) account, is a common way to keep bank and investment accounts out of probate, the court-supervised process that oversees distributing a deceased person’s property. Most people want to avoid their estate going through probate because their heirs will receive the inheritance faster, privately, and at lower cost.

Is a POD account an appropriate solution for your needs? Let’s examine what POD accounts do and how they fit into the overall picture.

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Elizabeth Nielsen
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Attorney Liz Nielsen
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