Basketball coach’s will honors his players
Nevada residents who are planning their estate might be interested to learn how a former basketball coach honored his players after he died. After the former head basketball coach for the University of North Carolina died at the age of 83, approximately 180 of his...
Learning about charitable trusts
Nevada residents may be interested in understanding more about the benefits and process involved with creating a charitable trust. These trusts allow individuals to donate significant funds to certain charities without diminishing the wealth held in personal banking...
Understanding what happens to a person’s debts when they die
Nevada residents with an interest in the estate planning process may wish to know more information about what happens to a person's debts when they pass away. Depending on the type of debt and who is involved, the answer may be complicated. When a person dies with...
Wills may be useful for many people
Nevada residents may have wondered at what point in their lives they should write a will. Some might even believe they own too few assets for the document to be worth the effort. Statistics show approximately 70 percent of all adult Americans have neglected to draw up...
Billionaire faces a court battle over mental competency
Nevada residents who are interested in the estate planning process may wish to know about one billionaire's legal battle to prove he is mentally competent. Given the circumstances, this kind of situation is relatively common in mixed families. Tom Benson, the...
The role of probate in estate administration
Nevada residents who are estate planning may wonder whether a will is the best choice. They might have heard that probate can be expensive and time-consuming. The probate process refers to the legal recognition of the will and the appointment of an administrator for...
Helping people to create wills and set up trusts
Although many people in Nevada would rather not think about the possibility of their own death, it is important to get estate planning issues taken care of. Without a completed will, a decedent's assets are distributed based on Nevada intestate succession laws. In...
The basics of using a will in Nevada estate planning
When an individual passes away, he or she may have created a will that determines where his or her assets go after death. In the event that an individual dies without creating a will, state law determines who gets some or all assets remaining in that person's estate....
The role of the public administrator in Nevada
If there are no known heirs to an estate, or if there is no executor to an estate, a public administrator may be called in to protect it. In some cases, a public administrator might be named in a will to be the executor of an estate, or a judge might appoint one to be...