4 questions you may have about estate planning
At some point in your life, you have likely considered the inevitability of your own demise. Though this type of idea can sometimes prove difficult to think about, death happens to everyone. Because of this natural and unavoidable outcome, you may have also wondered...
How an IRA trust can protect assets
Nevada residents who are creating an estate plan may want to consider setting up an IRA trust for their retirement account. An IRA trust can protect an account from creditors. It can also specify how distributions are made to beneficiaries. This may be useful if the...
Family communication important in estate planning
When Nevada residents are planning their estate, including their heirs in the process can be a critical part of a successful outcome. These types of conversations can be emotionally challenging, but for people with substantial assets, doing so is important for...
Powers of attorney may require periodic updates
Powers of attorney are among the most useful, flexible instruments in estate planning law. Legislative changes in Nevada and across the country, though, have given health care providers and financial institutions new reasons to reject them. There are steps that...
How to preserve powers of attorney
Las Vegas residents may benefit from having both medical and financial powers of attorney as part of their estate plan. These documents allow an individual to appoint someone to handle his or her affairs if that person cannot. However, changes to the law may result in...
Same-sex couples and estate planning
There are a number of benefits estate planning can provide to Nevada residents. However, same-sex couples may be presented with certain situations that may require more careful consideration. If estranged same-sex couples have been previously married, they should...
Items to cover while reviewing an estate plan
Creating an estate plan is a smart move for Nevada residents. However, it may not be enough to simply create the plan and forget about it. As both personal and professional events unfold throughout the year, a will or trust may need to be altered to reflect any...
Out of sight out of mind, not the best policy for estate plans
Did it take you awhile to finally execute an estate plan? If so, you're definitely not alone. Many people in Nevada hesitate to even broach the subject because they don't much care for discussing their own mortality. However, perhaps like you, many people also realize...
About disability planning
When creating an estate plan, Nevada residents should include the possibility of having a disability. Planning for disability can limit confusion among family members and ensure that one's assets are protected while they are incapacitated.A financial power of attorney...
Second marriages complicate estate plans
When a Nevada resident gets remarried, the second marriage could represent a new chance at family happiness, but it also means his or her estate plan should be updated. Subsequent marriages often create blended families with both spouses having children from other...