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It’s ideal for you to create an estate plan so you can financially support your loved ones upon your passing. With that said, estate planning is something that requires great care. Unfortunately, some people make mistakes when establishing their estate plans. Below...
Your estate plan might consist solely of a will or may include numerous other documents including trusts and powers of attorney. Every individual's unique legacy wishes and personal circumstances will dictate the use of different documents for estate planning...
It can often be difficult to talk to your parents about estate planning. You may be worried that they haven’t created a plan. You may be concerned that this will cause disputes between you and your siblings, or just that the process will be longer and more confusing....
Many people have strong beliefs about health care choices. They know what they want and what they don’t want. It might be easy enough for you to relay those wishes now but you should consider what will happen if you become incapacitated and can’t speak up for...
When someone dies in Nevada, almost all of their personal property will become part of their estate. Some assets, such as bank accounts with a transfer on death designations, won't need to pass through probate court. However, many belongings will require probate...
As the personal representative of an estate in Nevada, you have a lot of responsibilities. If you don't fulfill those obligations, you could face challenges in probate court or possibly personal liability. For example, you have to locate and protect the property owned...
As the executor of an estate in Nevada, you have a lot of responsibilities. If you don't fulfill those obligations, you could face challenges in probate court or possibly personal liability. For example, you have to locate and protect the property owned by the...
Once you have a certain amount of money in your accounts, you become eligible to pay all your own healthcare costs. If you can show that you only have a low amount of funds, you may be entitled to free healthcare via the Medicaid system. It exists to help people...
After you pass away, a court-controlled process begins where the court checks the validity of your will and the assets that you control go through probate. Debts get paid, assets get distributed and property changes hands. But there are also ways to avoid probate. For...
In many cases, a person still has outstanding bills when they pass away. These could be very complex, such as business loans that someone took out before an unexpected heart attack. But they could also be very minor bills, such as the utility costs for an elderly...