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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 lifetime can help ensure that their property is passed on according to their wishes.

A trust is a private document that can only be viewed by an appointed or successor trustee. These estate planning tools might be able to help certain assets avoid probate. There are a number of different types of trusts available. These include special needs trusts, charitable remainder trusts and family trusts.

With wills, an executor is appointed to oversee the distribution of a decedent's property per the terms the document. Wills may be less expensive than living trusts, so it may be best to speak with our attorney to determine which option is best for you. Our offices may also help you appoint a guardian for yourself in the event that you should become incapacitated and unable to take responsibility for your financial, medical and legal needs.

Rather than giving the state the authority to allocate assets according to intestate succession laws, you can establish a will or trusts to direct the distribution of your property in the way that you see fit. If you would like to further discuss your options for drafting a will, living trust or other types of estate planning documents, you may want to read further about our services. Our firm offers packages that include providing you with a power of attorney and lifetime storage of your will or trust in a fire proof safe.

Source: Cassady Law Offices, "Wills & Living Trusts", September 04, 2014

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