Have you considered what will happen to your automobile after your death? In 2019, it is projected that there will be 281.3 million registered vehicles in the United States,. (Texas, with an estimated 24 million, has almost 9%! California is estimated to have about 50% more). Your automobile is a valuable asset — as well as […]
Why would anyone want to refuse an inheritance? Although it is surprising to many, there are several circumstances when declining an inheritance can be beneficial. The law does permit you to refuse an inheritance if you comply with certain strict requirements. The legal term for a refusal of an inheritance is a “disclaimer,” which is defined […]
For each season, there is planning that you must do on the farm. In order to be successful, this planning must be done thoughtfully and in advance. Your life is no different. To properly plan for the next season in your life and the lives of your family, a well-executed estate plan is a must. Below […]
Estate planning is the process of developing a strategy for the care and management of your estate if you become incapacitated or upon your death. One commonly known purpose of estate planning is to minimize taxes and costs, including taxes imposed on gifts, estates, generation skipping transfer and probate court costs. However, your plan must also […]
Yes, even the undead need an estate plan. Go ahead and laugh. But as we’ve learned from the likes of The Vampire Chronicles, the Twilight saga, and HBO’s True Blood, vampires aren’t immortal. They do die, and it’s usually unexpected and messy. While vampires aren’t necessarily good candidates for life insurance and probably don’t need a […]
You’ve said your goodbyes and your furniture and household goods are on a truck. Soon you’ll be heading to Austin, Texas, ready to enjoy the warm weather and slower pace of life. You may not have given much thought to what your move might mean for income and estate taxes. But you should, particularly if you […]
In September, Nielsen Law celebrated the anniversary of its opening. Attorney Liz Nielsen, Paralegal Meg Yetter, and Client Relationship Manager Keith Vance spent several hours in community service at AGE of Central Texas. Liz, Meg and Keith spent time talking with AGE clients, as well as playing games and assisting with lunch service. There was even […]
You finally crossed “getting your estate plan done” off your list, and you’ve (rightly) breathed a huge sigh of relief. By tackling this challenge, you’ve not only established protections for your loved ones and legacy, but you’ve also freed up some important “mental space” that had previously been preoccupied. Once you create the documents that make […]
