There are so many decisions to be made in day-to-day living that many people shift planning for the future to the back burner. This is especially true when it comes to less-enticing discussions, such as those related to future health care decisions. Taking the time to...
Concerns regarding assets during the probate process
There are a number of circumstances where a will may need to be validated prior to anyone being able to act upon it. It will then be through the process of probate that a will can be validated.Anyone connected to a particular will obviously will wish to avoid problems...
Wills and other end-of-life planning documents are a good idea for any individual. You don't have to be rich to see a benefit in estate planning. In fact, according to an Allianz Life Insurance survey, many baby boomers place value on things that have nothing to do...
Revisiting one’s estate planning needs
Even with all the information available concerning the necessity of certain estate planning tools, there are still many Las Vegas residents that may die without having a valid will in place. The problem with not having a will in place is that one's assets may...
Importance of thoughtful planning in the event of incapacitation
Unfortunately, circumstances can occur that will leave others in a lurch. There is a need for thoughtful planning in the case that an individual becomes incapacitated or dies so that one's business and family can carry-on and not face hardship. When an...
Most Nevada residents aren't rushing to perform estate-planning duties, and reticence in such matters is understandable. The creation of wills, trusts and other estate-related items causes individuals to consider things that can seem depressing. On the other hand,...
Surtax imposed on investment income of trusts and estates
There is a new 3.8 percent federal tax that will be imposed upon net investment income from trusts and estates. The tax will be applicable to these trusts and estates if the gross income exceeds $11,950. While the law actually became effective January 1,...
People generally like the homes in which they live. They love their children or other relatives and want them to enjoy houses and other properties after they are gone - but without paying a lot of inheritance tax and other costs of estate administration & probate....
Navigating through the probate process
Every loss of a family member or loved one will bring along with it indecision as what to do next. The unexpectedness of such a loss can sometimes make it difficult for individuals to take the necessary steps to ensure that all matters are in order.Experienced...
Preparation is needed when it comes to estate planning
As much as we do not like to think about it, there is the possibility that our physical condition will prevent us from making the decisions we need to make concerning our own care. It is under these circumstances that a durable healthcare power of attorney can...