Trustee Archives - Page 3 of 12

A Trust for Fluffy or Fido? Why Every Pet Parent Needs to Consider a Pet Trust Today from Austin Estate Planning Attorney Liz Nielsen

Liz Nielsen / August 13, 2024

Estate planning is about protecting what is important to you. Although much of the traditional estate planning conversation focuses on surviving spouses, children, grandchildren, and charities, many pet parents wonder what could happen to their “furry children” after their death. Enter the pet trust. This tool is something that can be easily incorporated into a new or […]

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Don’t Let Your Estate Plan Go Up in Smoke from Austin Estate Planning Attorney Liz Nielsen

Liz Nielsen / July 30, 2024

It’s fair to say that estate planning has never been truly popular. Research shows that, in 2024, less than one-third of Americans report having a will.[1] And even fewer people are creating estate plans today than in years past. However, the trust is that every adult—whether they are 19 or 99—really should have a will at a […]

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Why Snow White’s Father Should Have Had an Estate Plan from Austin Estate Planning Attorney Liz Nielsen

Liz Nielsen / July 23, 2024

Many of us are familiar with the story of Snow White and the Seven Dwarfs. Central to the story is the relationship between Snow White and her stepmother. After losing his first wife, the king decided to remarry in order to provide a motherly influence for his daughter, Snow White. While things were peaceful for a […]

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What Is Next for Your Estate Plan? from Austin Estate Planning Attorney Liz Nielsen

Liz Nielsen / July 9, 2024

Having an estate plan is a great way to ensure you and your loved ones are protected today and in the future. When creating an estate plan, we look at what is going on in your life at that time. But because life is full of changes, it is important to make sure your plan can […]

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What Can I Not Do as Trustmaker and Trustee of a Revocable Living Trust? from Austin Estate Planning Attorney Liz Nielsen

Liz Nielsen / May 28, 2024

Wills and living trusts are two of the most fundamental estate planning documents. While both accomplish the same primary objective in an estate plan of directing the distributions of your money and property to your desired beneficiaries after you pass away, a revocable living trust, often referred to simply as a living trust or an inter vivos […]

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Who Should Be the Trustee of a Third-Party Special Needs Trust? from Austin Estate Planning Attorney Liz Nielsen

Liz Nielsen / April 9, 2024

Family members with special needs may require assistance throughout their lives. If you want to ensure that a loved one with a disability is taken care of after you are gone, you can help manage resources for them by using a third-party special needs trust (SNT). Also known as a supplemental needs trust, a third-party SNT […]

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What Happens to My Twitch Account When I Die? from Austin Estate Planning Attorney Liz Nielsen

Liz Nielsen / January 30, 2024

In the digital age, our online presence extends beyond social media. Platforms like Twitch, where users engage with live-streamed content, present unique considerations when it comes to estate planning. Do you know what happens to a Twitch account after an individual passes away? If you die and a loved one needs to take care of your […]

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The Difference Between a Trust and a Will by Nielsen Law’s Frances Chlebowski

Elizabeth Ziegler / September 15, 2023

It’s easy to feel overwhelmed by legal lingo when it comes to creating an estate plan. There are many legal strategies involved in estate planning, including wills, revocable living trusts, irrevocable living trusts, testamentary trusts, special needs trusts, and more. But what even is a trust – and what is the difference between a trust and […]