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The probate process can be an overwhelming experience, especially if you have never handled an estate before. There are all kinds of obligations for an executor, including notifying family members and filing paperwork with the probate court. Handling the financial...
Trusts are valuable tools for those who have a specific legacy they would like to leave behind when they die. All too often, your wishes and plans could wind up undermined by the actions or preferences of the people you name as beneficiaries or heirs. They could waste...
Tax obligations are a big part of what an executor’s job in handling an estate. Estates may be subject to taxation based on their overall value, which an executor has an obligation to manage. Although Nevada does not have an estate tax, the federal government does for...
During estate planning, a testator often seeks to control the flow of their property to the next generation after their death. Estate planning might integrate both tax planning and asset protection from creditors with careful instructions for an executor regarding...
People are often uncomfortable when they think about end-of-life issues, so they put off making a will. Some individuals never make one at all because they prefer to focus on living from day to day rather than contemplate the future Why is it important to have a will?...
A power of attorney steps in to make decisions for you in the event you become incapacitated and unable to make sound decisions for yourself. Choosing the right power of attorney is not always easy. Here are a few qualities to look for in making this important...
The kindest thing we can do for our family members is to establish a solid estate plan in the event of our death or incapacity. If they have a thorough plan to follow, they can focus on mourning, and they don’t have to worry about figuring out what to do with your...
Drafting an estate plan is a good first step, but don’t make the common mistake of believing it is also the final step. Regardless of your age, there are life events that can come up and change your goals, assets, debts or other aspects of the plan. It is at these...
Dividing up cash and assets that easily convert to cash between your heirs isn't that hard. Dividing up special items, like artwork, can be entirely different. Whether you have a couple of paintings or an entire art collection forgetting about them when creating your...
When someone sits down to plan their estate, one of their goals could be to avoid probate proceedings. Most people have heard at least one horror story of an estate that spent months if not several years going through multiple challenges in the probate courts....