For Nevada residents who want a head start on estate planning but still want to have access to their wealth, a domestic asset protection trust may be something to consider. The DAPT is an irrevocable trust that lets the creator retain a number of powers over funds and...
Estate planning is for every Nevada resident
Wills, probate, power of attorney, medical directives, trusts and the list goes on and on. The words are familiar; however, the exact definitions may not be. Many throughout Nevada do not recognize the importance of each of these items as individual pieces and then as...
Will planning should include digital assets
Computers, smartphones and tablets seem to be everywhere. People are posting to their Facebook account, managing their bank account and paying their bills while sitting in a restaurant or even walking down the road. Many Nevada residents have found that their lives...
Nevada homeowners over the age of 62 may be able to take advantage of a reverse mortgage to help fund end-of-life needs without giving up a home. According to recent reports, as such action is growing in popularity among seniors, confusion about reverse mortgage terms...
Power of attorney can allow someone to handle financial matters
Most Nevada residents tend to prefer to make their own day-to-day financial decisions. They are quite comfortable deciding which bills should be paid when and how much should be spent on other items. The need for another individual to be given the power to perform...
Leaving a legacy with a charitable remainder trust
Each year, Nevada residents generously support a variety of charitable organizations. These organizations provide a number of services and benefits to the community, including cancer research, scholarships for needy children and other worthwhile efforts. The majority...
Appointing a financial power of attorney may be an important aspect of late life, even if you have a financial adviser or other professional money-management assistance. Choosing a financial power of attorney early in life provides peace of mind that you and your...
What you need to know about tax laws and estate planning
As Nevada readers are well aware, estate planning can be a rather complicated process. Further complicating this process are new tax laws that have been changed, updated and reworded multiple times since 2001. After many of these changes were finalized in 2013, estate...
Steps to take in order to set up a special needs trust
For Nevada parents thinking about estate planning, one of the main concerns is how a family will be cared for after the parents have passed on. Most Americans are concerned with saving for retirement and making sure that their children are secure, but how does this...
Avoid euthanasia by including your much-loved pet in a trust
Many people find it difficult to confront issues about what will happen after their death. To avoid the state of Nevada deciding how to divide their property, proper estate planning can provide peace of mind. By including a trust in their estate planning, they can...