Making timely decisions about power of attorney duties
Nevada residents who become mentally incapable of managing their affairs could face some serious difficulties if there is not a valid power of attorney in place. Although this issue might seem like an end-of-life matter, the reality is that people of all ages can be...
Estate planning tips for retirees
Owning property in Nevada and another state may offer people the flexibility to live their chosen lifestyle. However, it may cause estate planning issues that need to be addressed. For instance, it may be necessary to pay estate taxes on the state level even when...
Estate planning before a second marriage
Before getting married, Nevada residents might want to review their estate plan. This may be particularly important for people who have children from a previous relationship or who have been married before. They may need to adjust their will and their beneficiary...
Establishing guardianship for future contingencies
It is impossible to predict the future within any degree of certainty, but it is possible to plan for contingencies. Any person might experience a serious illness or suffer an injury in a future accident, and a guardianship is a practical and prudent way to protect...
How angel investors can pass on wealth in trusts
Angel investors in Nevada may want to give some thought to how they will protect their wealth to pass on to beneficiaries. However, estate planning is not just about what happens after an individual's death. There are a number of ways that people can begin taking...
Helping angel investors keep more of their money
An angel investor is someone who invests in a startup or new small business with the aim of achieving large returns. Those returns are then used to help friends, family members or their favorite charities. It may be beneficial to start giving prior to death as it...
Online accounts and estate planning
People who are working on an estate plan might think primarily about who they want to pass assets on to. However, increasingly, there is another important area that they need to consider, and that is their life online. While Facebook, Google and other online companies...
Living trusts offer advantages over traditional wills
Many Nevada residents believe that drafting a will is the best way to ensure that their estate will be distributed according to their instructions after they die, but placing assets in a living trust offers a number of advantages not provided by a traditional will....
How trusts can be versatile estate planning tools
People in Nevada who are making an estate plan may think that a trust is not useful for them if they are not looking for a way to lower their estate tax burden, but trusts can offer a variety of advantages. For example, if a person has a difficult relationship with a...
Considering establishing an education trust
Nevada residents may worry about the future costs of education for their children or grandchildren, and some may choose to use instruments such as 529 savings plans to ensure that funds are set aside to address these needs. However, others might consider developing...