Beneficiaries

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Debunking Common Misconceptions with Austin Estate Planning Attorney Liz Nielsen

Estate planning often feels complex, leading many people to rely on common misconceptions that can have devastating consequences for their loved ones and their legacy. From who can make decisions for you to whether you need an estate plan, common myths can stand between you and a secure future. Let’s debunk these widespread misconceptions and reveal […]

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Trust Funding: Setting Your Trustee Up for Success from Austin Estate Planning Attorney Liz Nielsen

A revocable living trust can serve as a valuable estate planning tool to help ensure that your finances remain well managed if you become incapacitated (unable to manage your affairs while you are alive) and to provide future financial security for your loved ones upon your passing. However, merely signing the trust agreement does not complete […]

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How to Help Your Loved Ones (and Your Life Savings) Avoid Probate from Austin Estate Planning Attorney Liz Nielsen

Ask any estate planning attorney and many will admit a main goal of clients it to avoid probate. Even in states where the process is quicker and easier, probate tends to remain something of a boogeyman. Today, many people use tools such as revocable living trust instead of a will, joint ownership, or beneficiary designation as the […]

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Does Treating Your Children Fairly Mean Unequal Inheritances? from Austin Estate Planning Attorney Liz Nielsen

When thinking through their estate plan and how they want their assets (money and property) managed after they pass away, most parents wish to treat their children equally, often out of a sense of fairness. However, sometimes being fair or doing what is right by your children may mean giving unequal inheritances. The Key Takeaways Treating […]

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The Deaths of Gene Hackman and His Wife from Austin Estate Planning Attorney Liz Nielsen

When investigators entered the home of legendary actor Gene Hackman and his wife, Betsy Machiko Arakawa, in a gated community outside Santa Fe, New Mexico, on February 26, 2025, they found the couple dead under mysterious circumstances. Following their investigation, authorities pieced together a timeline of the couple’s last days, indicating that a period of about […]

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Enjoyable Things a Third-Party Special Needs Trust Can Be Used For From Austin Estate Planning Attorney Liz Nielsen

A Third-Party special needs trust (SNT), sometimes known as a “Supplemental Needs Trust”, allows an individual to provide for a disabled beneficiary without jeopardizing the beneficiary’s eligibility for needs-based government benefits.  These SNT funds can generally be used to pay for almost anything that falls outside the basic support that programs such as Supplemental Security Income (SSI) […]

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