I watched my boss hurriedly hit the mute button. We were onboard a floating production storage and offloading (FPSO), floating in the Atlantic Ocean, and dialed into a large international call with operations leaders from around the world.
“Welp, I messed that one up! Yikes.” He chuckled and shook his head. I stood by his desk, transfixed, watching in awe as he let his faux pas roll right off his back.
Read on for a recap of the episode. To access the full transcript, click here.
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Attorney Liz Nielsen has guided hundreds of families through the estate planning process, serving as their trusted advisor to bring peace of mind to their lives. She is the founder of Nielsen Law, a small estate planning law firm in Austin, Texas. Liz is Board Certified in Estate Planning and Probate Law by the Texas Board of Legal Specialization. She practices exclusively in the areas of estate planning, special needs planning, and estate administration.
Liz is also President of the Travis County Women Lawyers Association. Giving back to the Austin community is very important to Liz. TCWLA is a nonprofit organization that is committed to supporting issues affecting women both as lawyers and as members of society. Liz is also Board Vice Chair/President-Elect of AGE of Central Texas, a nonprofit organization that helps older adults and their caregivers thrive as they navigate the realities and opportunities of aging and caregiving.
In this episode, Liz shares some of the ways that industry organizations such as TCWLA are supporting working professionals and advancing opportunities and change. She also shares her insights on what to look for when considering whether to join an organization and how to get the most benefit from your participation. Lastly, Liz shares some insights into the work she does in helping individuals and families through estate planning. She busts some myths about who this planning applies to and what it entails.
Liz Nielsen shares her personal journey, tracing her path from studying environmental science to becoming a dedicated estate planning and probate lawyer. She emphasizes her passion for assisting clients through complex legal matters, inspired by her own family's experiences navigating her grandmother's dementia.
Host Erica D'Eramo and Liz highlight the widespread lack of awareness about estate planning, particularly in underserved communities. They stress that estate planning isn't solely for the wealthy; even younger individuals with assets should plan for the future to avoid complications.
The conversation shifts to women's professional organizations, focusing on TCWLA, a significant advocate for women in the Texas legal community since the 1970s. Liz shares insights into the organization's growth and its impactful advocacy efforts.
Liz discusses her involvement in TCWLA, emphasizing the group's supportive environment for introverts. She underscores the importance of finding like-minded individuals and engaging in activities beyond traditional networking.
Addressing the lack of diversity in the legal profession, Liz stresses the importance of mentorship, particularly for minority groups. She advocates for inclusive professional networks like TCWLA to combat stereotypes about women not supporting each other.
Liz highlights progress in women's representation in law but emphasizes the need for further advancement, particularly in leadership roles. Erica and Liz agree that achieving equity means normalizing women's presence in all levels of the legal profession.
Erica and Liz discuss the critical aspects of estate planning, including incapacity planning and considerations for families with special needs. Liz emphasizes the importance of seeking professional guidance to ensure comprehensive planning.
Liz advises against using DIY wills, citing potential complications in probate proceedings. She encourages individuals to seek guidance from board-certified estate planning attorneys to navigate the process effectively.
Liz underscores the value of mentorship in professional organizations, highlighting its role in personal and professional growth. She emphasizes the importance of education and seeking professional assistance in estate planning endeavors.
In this insightful conversation with Erica D'Eramo, Liz Nielsen provides valuable insights into estate planning, professional organizations, and the importance of seeking professional assistance in navigating legal complexities.
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