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Information in your will could help surviving family avoid issues

Over the years, you may have had many people come into your life whom0 you care about immensely. Though some of those individuals may no longer be in your life, you undoubtedly still have loved ones you hold dear. Your spouse, children, siblings, parents and other close parties may allow you to feel a sense of connection and joy in your life.

Probate assets could impact how you plan

As you consider moving forward with estate planning, you may find yourself in need of various information. You may have questions regarding certain types of planning tools, what information you can include in your plan and how the details of your estate could impact the planning process. Your assets in particular could play an important role in determining how you could create the best plan for your circumstances.

Updating your estate plan after divorce may prove wise

During your marriage, you may have expected your spouse to stick with you until the end. As a result, many decisions made during your estate planning process may have hinged on your spouse acting as beneficiary to your property or as agent in decision-making capacities. These roles have great importance, and you undoubtedly wanted to make sure that your trusted spouse took on those positions.

Mistakes with your estate plan can cost you more than money

Nevada readers know that estate planning is smart for everyone, but sometimes, common mistakes can complicate estate-planning efforts. Simply having a will in place may not be enough to protect yourself and your family in case of a contingency. It is prudent to know how to avoid mistakes and missteps, allowing you to avoid complications in the future. 

How long will probate take?

After the death of a loved one, you may feel like matters go very quickly. Before you know it, relatives arrive, you discuss arrangements, and suddenly you are sitting at a funeral service thinking that you were talking with your departed parent or grandparent just days ago. At the end of the day, it may seem like everything is over. However, probate is just beginning.

Does your trust-based estate plan need a pour-over will?

After looking over the various estate planning options available to you, you may have decided that a trust-based plan would best suit your needs. Many Nevada residents often come to this decision as trusts can offer a variety of protections for your property while also allowing surviving family members to avoid probate, if the proper steps are taken to do so. Plus, this tool could also help you better dictate how your assets should be handled after your death.

Are you thinking about disinheriting your children?

Though you may have felt a great sense of joy when you became a parent, the relationships with your kids may have crumbled over the years. As a result, you may feel as if you have little relationship with them at all. Now that you have decided to begin estate planning, you may wonder what your children could potentially inherit in the event of your death and whether you could prevent such action.

Are you aware of your non-probate assets?

The types of assets a person owns can impact how his or her estate closes after death. The manner in which you plan for your family to address these assets can also impact the settling of your estate. If you hope to ensure that your estate administration goes smoothly for the sake of your surviving family, understanding your assets could prove beneficial.