Trusts offer estate planning help for many
The creation of a trust can be beneficial in estate planning for persons in all walks of life. While many consider a trust to be a tool reserved for people with very large estates, the truth is that a trust may also be a good choice for people with more moderate...
Powers of attorney available to Nevada residents
Granting power of attorney to a third party may be a powerful estate planning tool in Nevada. Those who are thinking about giving power of attorney to others may wish to learn more the three common powers of attorney and what they entail. Understanding how and when...
How to make an estate plan for digital assets
Digital assets are one of the most overlooked when Nevada residents think about estate planning. Many people may not realize how much money they actually have invested in their iTunes, Amazon or other online accounts. Without proper planning, these assets can be lost...
Unmarried couples possess estate planning options
Many couples in Nevada choose to live together without getting married, making for a situation that can lead to a spectrum of interesting financial and tax issues begging consideration. While there may be some advantages to remaining unmarried, including possible...
What are the rules covering the sale of estate assets in Nevada?
Nevada contains specific provisions in its probate code regarding the sale of assets from a decedent's estate. Unless the items that are sold are personal property that are exempted by the probate code, the personal representative must confirm sales of the estate with...
Understanding wills in Nevada
Residents in Nevada may benefit from learning more about the laws governing how wills are handled in the state. Section 133.020 states that anyone of sound mind and age, described as being over 18-years-old, is permitted to dispose of their estate by last will,...
Factors to consider when writing a will
When it comes to estate planning in Nevada, many people don't understand that it's an ongoing process and that it requires careful thought and planning. It's not enough to simply create a will and trust that the property will be divide in accordance with the plan. The...
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...