Assets

Lease
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What Happens to My Leased Car If I Die Before the Lease Term Ends? from Austin Estate Planning Attorney Liz Nielsen

After a house, a car is often the second-most valuable piece of property a person owns. About 15–20 percent of new vehicles are leased rather than purchased and financed. Leasing is a popular alternative to traditional financing because it can allow the lessee (the person who leases a vehicle) to drive a more expensive car on a […]

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

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? […]

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

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 […]

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