Nevada power of attorney basics
Nevada law allows for one person to name another to act on his or her behalf by means of a power of attorney. The reasons behind making a power of attorney are as diverse as the people who make them. They can be tailored for a limited purpose, like selling a...
Filing your living will with Nevada’s Lockbox
Nevada allows individuals to file their living will, health care powers of attorney, and do-not-resuscitate orders with the Nevada Secretary of State through a program called Lockbox. Because people may not always be in a position to provide their doctors with these...
Estate planning considerations in Nevada
While it is true that creating a will is a basic part of estate planning, it is important to note that a will is not all there is to the process. A will determines who will get what property after the owner passes on as well as determining who will be in charge of...
Contesting wills in Nevada
When a person passes away and they have a will that outlines the execution of their estate, that document must pass through probate. However, in Nevada, the will may be contested prior to probate by any person, and the process of contesting and defending the document...
Establishing trusts for special needs individuals
Nevada parents with special needs children may be interested in a type of trust that enables them to save for the child's future without interfering with the governmental benefits the child may receive. This peace of mind extends to other family members so they can...
Does an electronic will count as a valid will?
With technology influencing more areas of life, Nevada residents may wonder about its effect on estate planning. In the case of a will created, signed and stored on a computer, validity may be a concern due to the potential negative impact on the handling of one's...
Value of estate determines form of probate
Under Nevada law, if a person dies with a will and assets, including real property or having a value of more than $20,000, his or her estate must be submitted to probate. Probate is the court-supervised process whereby a person's will is validated or challenged and...
Key devices used in estate planning
A revocable living trust is an option to consider when doing estate planning. Creating such a trust can get your assets to beneficiaries much quicker than with a will, which has to go through probate court.While some assets, including 401(k) accounts, can be...