Estate planning and subsequent marriages
Though we may not always wish to acknowledge it, divorces do occur. National Center for Health Statistics research suggests that about half of marriages have ended in divorce since the beginning of the millennium. And it's because the possibility of divorce does...
Sometimes the best laid plans to provide financial security for your children go awry. As parents in Clark County, you might want to accumulate money and property with the intention of leaving it in your wills for your children to enjoy. You might also want to take a...
The use of trusts for estate planning needs
The goals of a particular person will often guide one as to whether a trust should be established. Though there are a number of reasons for creation of a trust, asset protection and tax considerations are often of foremost importance.Trusts can be used for tax...
Properly executed wills and other legal estate documents might not always provide anticipated security, especially for a person who has an exorbitant amount of wealth. This has proven true regarding Clark County's namesake family. Estate administration & probate...
Garnished savings become court case for Las Vegas children
A recent Nevada Supreme Court case is helping Clark County residents become more aware of the need for financial planning. Trusts can be the asset protection tool that prevents children's earnings from garnishment to satisfy their parents' debts. It's likely more...
Paralyzed hunter has mental capacity to end life support
Hopefully, residents of Nevada or any other state in the country will never have to face the heart-wrenching decision of removing medical life support for a loved one. Whether or not a Power of Attorney covering health care, financial or personal decisions exists, it...
Heirs sell large private citrus company after tax code change
For anyone involved in estate administration & probate, there may be some assumptions about the future. Las Vegas residents in the beginning stages of estate planning may assume that companies and assets will stay in the family and provide for heirs for...
Can heirs count on wills or trusts for retirement income?
Clark County residents are no different from people all across the country when it comes to caring about their families and friends. Writing a will or creating trusts with the intention of providing future financial security for loved ones is an important step in the...
Communication can be a key part to estate planning
When it comes to estate planning or drawing up a will, one of the pillars of successfully organizing these things is to address the issue early and often. You want to bring in financial and legal advisors to adequately draw up documents and organize your estate; that...
Turmoil of two wills: deal will split heiress’s estate
What will sound like a bizarre set of circumstances regarding a wealthy heiress's estate is actually a more common situation than you may think. The following story has a happy outcome; but confusion over a woman's $300 million estate that reigned for years, and it...