When it comes to estate planning, many people worry about the estate taxes that their loved ones will have to pay. The reality is, most people simply don’t have to worry about this due to the overall value of their estate. Regardless of how much you think your estate is worth, it is important to […]
Understanding Estate Taxes Read More »
Each state has different laws that govern what happens if a person dies intestate (without a will). Dying without a will gives the state power over your assets and their distribution. Normally, the estates assets are split between the spouse, any children of the deceased, and to other family members. The state’s distribution is based
Implications of Dying Without a Will Read More »
Nearly all people have an estate, although most people think they don’t. An estate comprises everything a person owns, including vehicles, real estate, checking accounts, savings accounts, furniture, investments, life insurance policies, etc. Some estates are larger than others, but the fact of the matter is, you cannot take your estate with you when you
Facts About Estate Planning in the United States Read More »
Assigning power of attorney to an agent is a major part of estate planning. It’s also one that you should make sure you have in place early. While most people never plan on having someone else make decisions for them, there is no way of knowing what may happen in the future. Between accidents, serious
Estate Planning: Power of Attorney Read More »
Family dynamics have changed over the years, becoming increasingly varied. This can make planning for the future a difficult prospect, with many legal intricacies and social factors that must be considered to make sure that all of your wishes are honored and that your estate is handled properly. Estate Planning for Blended Families Blended families
Estate Planning for Blended Families and Single Individuals Read More »
No matter how old or young you are, and no matter how much wealth you have, estate planning is something that should be on your radar. Obviously, your circumstances will determine the extent to which you need to plan for your passing, but the unexpected can always happen, and it’s good to have a solid
Common Estate Planning Mistakes and How to Avoid Them Read More »
Estate planning is the process of setting up the distribution of a person’s assets. It involves all the documents that rule a person’s assets, including, but not limited to, trusts and wills. Estate plans also lay out the management, distribution, and protection of such assets. In other words, when a person passes away, the estate
Estate Planning: Essentials Read More »
In the State of Nevada, it is relatively easy to establish a living will and power of attorney, especially when compared to other states. The forms that any individual needs in order to establish these legal documents are readily available from the courthouse and state website. While this makes it easier for an individual to
Important Facts About Living Wills and Power of Attorney in Nevada Read More »
Nevada happens to be one of only a few states in the union that permits the creation of domestic asset protection trusts. While this is an obvious advantage to those who are concerned with estate planning within the state, there are some disadvantages that should be taken into account when setting up such a trust.
Potential Problems With Domestic Asset Protection Trusts Read More »
According to data from the US Census Bureau, approximately 1 in 10 individuals in the state of Nevada suffers from some kind of disability. These individuals face problems that are not faced by those who are not disabled. For this reason, those who have guardianship over, or otherwise care for, these disabled individuals should be
Protecting People with Special Needs in Nevada Read More »
