Cassady Law Offices, P.C. - Las Vegas Estate Planning Attorney
Call for a free consultation

Avoiding common estate planning mistakes

While parents likely have good intentions in mind when setting up a willing and leaving inheritances, common estate planning mistakes can make a process that is already difficult for some to talk about more complicated. Those in Nevada who have started considering their estate plan may be able to avoid complications by considering a few possible issues.

A person's will may include large property and assets, but small items may also merit consideration when dividing an estate. One commenter suggested that a conflict arose in one family's case when a daughter-in-law who took care of her husband's mother removed items from the mother's home after she passed away. The daughter-in-law said the mother told her she could have some items, but the decedent's daughter was the sole executor of the estate and had no knowledge of the arrangement. Eventually, the daughter-in-law was allowed to take items, and an estate sales team valued these possessions and deducted the amount from her portion of the mother's estate.

In many cases, family members are not automatically entitled to a portion of a relation's estate. One should not assume that an inheritance will go to a specific family member who acted as a caretaker or was close to a decedent. Having a plan in place may help transfer assets to an heir legally and efficiently.

Many people do not like thinking about a will or believe a family can figure things out without one, but certain legal considerations make the estate planning process necessary. In addition to clearly stating what one's wishes are, an estate plan could work to minimize the tax burdens an heir might face.

Source: Daily Finance, "Avoid These Estate Planning Nightmares", Michele Lerner, December 13, 2014

No Comments

Leave a comment
Comment Information
Email Our Team

More Questions? We Have Answers.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Las Vegas Office
10799 West Twain Avenue
Las Vegas, NV 89135

Toll Free: 800-557-6423
Phone: 702-706-1083
Fax: 702-650-5561
Las Vegas Law Office Map

Henderson Office
2425 W. Horizon Ridge Pkwy.
Henderson, NV 89052

Toll Free: 800-557-6423
Phone: 702-706-1083
Map & Directions