Asset Protection Archives - Page 7 of 14

National Home Remodeling Month – How Remodeling Your Home Could Impact Your Estate Plan from Austin Estate Planning Attorney Liz Nielsen

Liz Nielsen / May 19, 2023

Spring is associated with renewal, and as the weather gets warmer, many homeowners turn their attention to renovation projects. Each May, the home remodeling industry and the National Association of Home Builders (NAHB) celebrate National Home Remodeling Month. In 2023, over 17 million home remodeling projects are expected to be undertaken in the United States. Between […]

Blog

Why Can’t We Have a Joint Trust If We Are Unmarried? from Austin Estate Planning Attorney Liz Nielsen

Liz Nielsen / May 9, 2023

Joint trusts are beneficial for many married couples, especially if they have a stable relationship, do not have many creditors, and do not live in a state where their estate may be subject to a state death tax. Compared to separate trusts, they are easier to fund, allow the surviving spouse to have complete control over […]

Blog

Mental Health Awareness Month: How an Estate Plan Can Help Alleviate Anxiety from Austin Estate Planning Attorney Liz Nielsen

Liz Nielsen / May 5, 2023

Roughly one in five US adults experience a mental illness each year. Anxiety disorders are among the most common mental health conditions, affecting nearly one-third of adults at some point in their lives. While anxiety can be generalized and chronic, it can also be a normal reaction to everyday stresses, such as worrying about finances, health, […]

Blog

Five Things to Know Before Including a Limited Liability Company in Your Estate Plan from Austin Estate Planning Attorney Liz Nielsen

Liz Nielsen / April 14, 2023

When it comes to protecting your hard-earned money and property, it is important that you have the right plan, which can include a number of tools for your unique situation. One tool that might benefit you is a limited liability company (LLC) that owns some of your accounts and property. What is a Limited Liability Company? […]

Blog

Four Important Considerations If You Win the Lottery from Austin Estate Planning Attorney Liz Nielsen

Liz Nielsen / April 11, 2023

On February 14, 2023, California state lottery officials named the winner of the largest lottery prize in United States history: Edwin Castro won an eye-popping $2.04 billion in a November 2022 lottery drawing, choosing a lump sum payment of $997.6 million instead of annual payments over three decades.[1] A lottery player in Maine recently won the […]

Blog

Have You Chosen the Right Trustee? from Austin Estate Planning Attorney Liz Nielsen

Liz Nielsen / March 14, 2023

Whether you are reviewing your existing trust or creating a new trust, you should understand the important role that trustees play not only in handling trust matters but also in providing for and protecting your loved ones. What is a Trust? A trust is an agreement between an owner of accounts and property (Trustmaker/Grantor) and another […]

Blog

Financial Power of Attorney: Why Do I Need This? from Austin Estate Planning Attorney Elizabeth Ziegler

Elizabeth Ziegler / February 24, 2023

When you hear the words “Estate Plan” you may immediately think of a Will or a Trust, those final set of instructions of what to do with money and property after you have passed away. However, ask any estate planning attorney, and you’ll learn that a complete estate plan involves a collection of documents which work […]

Blog

Don’t Let Your Cryptocurrency Give You and Your Loved Ones Nightmares from Austin Estate Planning Attorney Liz Nielsen

Liz Nielsen / January 17, 2023

Although cryptocurrency may be one of the latest investment strategies with great potential, for some individuals and their loved ones, investing in cryptocurrency has not gone as planned. The following stories are each a little different, but they all underline one simple warning: if you own cryptocurrency, you need a plan! Impact of Volatility on Estate […]