Selecting the right person to serve in role of power-of-attorney
Nevada residents who are considering preparing a power-of-attorney will want to put a great deal of thought into their selection. Convenience obviously will factor into such a decision. For example, a child that lives close by can often be of greater assistance than...
Use of out-of-state trusts to reduce tax burdens
While many Americans take advantage of states with no income taxes (like Nevada), the placing of financial assets into trusts is gaining scrutiny from officials in other states. For example, individuals who are in the process of selling a company may move shares...
Residents of Clark, Nevada, are probably familiar with the fact that national companies sometimes move certain operations or assets overseas to reduce tax burdens. Individuals who have accrued a certain amount of wealth can mimic this tactic by creating trusts in...
Decision reached in case involving Farrah Fawcett’s will
Wills are aimed at giving individuals the opportunity to control how their possessions will be distributed upon their death. Sometimes, after a person with a will dies, complex issues arise regarding what property is covered under the will. For example, sometimes,...