Estate planning for many residents in Clark County, Nevada, involves ensuring assets and family heirlooms end up in the right hands. Estate planning should also encompass issues such as end-of-life care and decisions, and in some cases, they should include an...
Discussing inheritances could prevent future problems
As uncomfortable as it may seem for family members to discuss inheritance matters with their intended beneficiaries, not talking about it could lead to serious problems down the line. Parents in Nevada might have good reasons besides emotional concerns for not having...
Tips for leaving a legacy
A carefully crafted estate plan can help Nevada residents make sure that they leave a positive legacy when they die. By acknowledging the need for an estate plan and communicating that plan to others, it makes it easier for heirs to anticipate what they are receiving....
Every estate is different and seeking understanding of local and state requirements during the estate planning process can make later estate administration easier. Whether dealing with simple or fairly complex estates, there are some considerations that the county...
Communication can help avoid common estate planning issues
Nevada residents who are looking into estate planning may wish to know some of the common issues that come from not discussing it with those who will inherit. Being open about the details of the plan can avoid many issues down the road.When parents fail to provide...
Robin Williams’ 3 children to inherit actor’s estate
Nevada fans of Robin Williams may be interested in how the actor set out plans for the distribution of his estate. Williams died of an apparent suicide August 11, according to police. The 63-year-old Oscar-winning actor had battled substance abuse problems and...
Individuals who don't have children or who don't possess a certain value in assets such as real estate or cash may believe they don't need an estate plan. According to the investment pros at Charles Schwab, anyone over the age of 18 can benefit from a personal estate...
What is the purpose of a trust?
Nevada residents who have not developed estate plans may not realize that a sudden death could result in legal proceedings for survivors who must deal with assets and the probate process. A trust is a planning tool, helpful as a supplement or replacement for a will....
Inheritance protection v. legal venues
Asset protection can be achieved for Nevada residents when planning ahead. This statement is especially true for individuals with large estates and significant amount of wealth accumulated throughout their lives. Proper steps have to be taken to distribute the assets...
It's probably true that most celebrities have larger or more complex estates than many residents in Nevada. However, you don't have to be wealthy or have a complex estate to learn from the mistakes of celebrities when it comes to estate planning.Consider actor James...