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...
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...