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For many, developing an estate plan is a singular struggle. These individuals work through the process and file the set of documents away, never to be reviewed or revised. Unfortunately, these people could overlook a factor that might potentially lead to unnecessary...
Ideally speaking, heirs will find that the estate left behind by a deceased parent is going to contain more assets than debts. There are always going to be some debts, even if they're just minor credit card debts for daily purchases, but it will generally not be...
Serving as the executor of someone's estate means taking on numerous responsibilities. An executor must disclose the contents of the will to family members. They have to oversee probate proceedings and distribute assets to beneficiaries. Their role also requires that...
As we have mentioned in previous blogs, funding a spendthrift trust is a good way to protect your beneficiaries from their worst instincts regarding money. But when you are adding one to your estate plan, there is something else that you may want to consider. Choosing...
Successful adults will always need assistance with the creation of a retirement plan and an estate plan. A surprising number of people don't understand the importance of financial review in the estate planning process. They may work with a financial professional when...
Most people think of estate planning as a purely financial process. You have assets, you need to leave them to the next generation, and you need a plan so that it happens the way that you want. You may also think beyond just financial assets and consider things like...
When a parent passes away, adult children may return to the childhood home. It’s an emotional, sentimental time. They see those familiar rooms where they ate dinner, watched movies and grew up with their parents. The house feels strangely empty and quiet. It really...
Proper estate planning is critical to your family’s future stability. That’s one reason why it’s one of the most loving actions someone can take. That means there’s a lot riding on the shoulders of the executor you choose to manage your estate. However, too many...
The definition of probate is simple. It is essentially a court process to prove that a person’s will was signed and executed legally. However, the probate process remains poorly understood across the nation, including here in Las Vegas, Nevada. If asked, nearly...
Even young, college-attending adults should understand estate planning and the need to have certain documents in place in case something happens to them while on campus. What if you are in a car accident, leading into a coma? What happens if you can no longer take...