Setting up a health care power of attorney in Nevada
Many residents of Nevada may be concerned about the health care decisions that would be made on their behalf if they were to become incapacitated by illness or injury. A living will communicates the health care wishes of an individual, but a health care power of...
Common misconceptions about trusts
A trust may be used to help protect a Nevada resident's assets as well as provide a degree of privacy after the grantor dies. Unlike a will, the use of a trust helps to avoid expensive and public probate proceedings. However, many people think that such an estate...
Celebrities and estate planning mistakes
Celebrities can provide great examples of what Nevada residents should be aware of during the estate planning process. In the case of Robin Williams, a co-trustee of a trust set up for his children was forced to make details of his estate public when petitioning the...
Reasons why a trust may be a good option
As many Nevada residents may know, structuring an estate might not be simple. One of the most important considerations is whether to establish a trust in addition to a will. For some, a trust may be a good option.Having a trust may spare the beneficiaries the...
Nevada power of attorney requirements
Under Nevada law, powers of attorney come in two forms. The first are called conventional powers of attorney, the second, durable powers of attorney. Which form is best will depend on the grantor's desires and circumstances. A power of attorney is a form of legal...
The pros and cons of a trust in Nevada
An individual should ask several questions when determining whether or not to have a trust. As they can cost thousands of dollars to create and execute, it may be less expensive to go through a simplified probate process if possible. However, trusts may be less...
There are several forms that individuals should consider completing regarding health care when planning for end-of-life care. A Durable Powers of Attorney for Health Care Decisions can be filed with the state Lockbox. That document allows you to identify someone who...
Handling debts after death in Nevada
When a person passes away, heirs might wonder if they are liable for his or her debts. In most cases, the answer to that question is no. However, there are certain circumstances where a person's survivors might be held responsible for an unpaid balance.Creditors may...
Different options for passing on your estate
Some Nevada residents who are planning to create an estate plan may want to consult with our attorney about drafting a will. Although many people do not like thinking about what will happen after their death, individuals who establish wills and trusts during their...
Nevada residents who create trusts to protect assets for the future or for heirs often choose someone in the family as the trustee. Though it makes sense to select a person you know well and trust to manage issues if you are incapable of doing so or have passed away,...