What is a power of attorney?
The majority of Nevada residents are familiar with power of attorney. It is often seen in newspaper articles and mentioned on television. However, there can be some confusion as to exactly what a power of attorney is and is not.With one type of power of attorney, the...
Estate planning protects assets and relationships
Over the years, family relationships have changed. The traditional two parent household with two children has shifted in a variety of ways. Today's family often consists of a parent, step-parent, his kids and her kids. Additionally, at times, this relationship is...
There is an ever-growing set of circumstances in Nevada affecting families in all walks of life. Referred to as the baby boomers, a group of middle-aged adults is finding itself raising children and caring for aging parents simultaneously. Aside from the emotional...
Residents who are new to the Clark, Nevada, area likely have a lot on their plates, especially if they are moving to Nevada from another state. Finding a new home, moving personal belongings, getting started with new jobs or schools and making new friends are just...
Gifts to a trust could help with tax obligations
Many Nevada residents have recognized the benefits of using a trust to effectively transfer assets and lighten the estate tax burden. Currently, gifts given to a trust during the individual's lifetime may result in a gift tax. While this tax may not actually be paid...
Estate planning assists in preparing for the unexpected
No one knows what tomorrow holds. This is a familiar saying to many individuals across the state of Nevada. While tomorrow may consist of waking up, going to work, returning home and spending an enjoyable evening with loved ones, it may also end up much different from...
Relatives of a woman who died in 2009 filed suit in another state in an attempt to prevent her husband from inheriting an estate valued at $450,000. Clark County residents understand that litigation is sometimes necessary in administering complex estates. It's a bit...
Power of attorney allows you more control over your future
Life is filled with a variety of what-ifs. For instance, what if one becomes disabled or ill. There are many things a person can do to control the what-ifs; however, there are also many factors that are beyond a person's control. For Nevada individuals, controlling...
Drafting a will is essential for parents
For many Nevada families, the hustle and bustle of everyday life is almost too much to keep up with. There is homework that needs to be done, kitchens to be cleaned and little league games to prepare for. Amid paying bills, buying groceries and keeping up with daily...
Trust planning: an essential part of estate planning
It has been said that there are two certainties in life -- death and taxes. While this phrase may sound trivial, it does apply to the concepts of trust planning. Many Nevada residents are finding that trust planning as a part of their estate plan can make things...