The pros and cons of a trust in Nevada
An individual should ask several questions when determining whether or not to have a trust. As they can cost thousands of dollars to create and execute, it may be less expensive to go through a simplified probate process if possible. However, trusts may be less...
There are several forms that individuals should consider completing regarding health care when planning for end-of-life care. A Durable Powers of Attorney for Health Care Decisions can be filed with the state Lockbox. That document allows you to identify someone who...
Handling debts after death in Nevada
When a person passes away, heirs might wonder if they are liable for his or her debts. In most cases, the answer to that question is no. However, there are certain circumstances where a person's survivors might be held responsible for an unpaid balance.Creditors may...
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...
Nevada residents who create trusts to protect assets for the future or for heirs often choose someone in the family as the trustee. Though it makes sense to select a person you know well and trust to manage issues if you are incapable of doing so or have passed away,...
Assets and priorities in estate planning
A Nevada senior dealing with estate planning considerations may wonder about the best assets to keep for passing along to heirs. Some assets are better to retain until death, and others should be liquidated rather than held for testamentary distribution. While the...
Estate planning for many residents in Clark County, Nevada, involves ensuring assets and family heirlooms end up in the right hands. Estate planning should also encompass issues such as end-of-life care and decisions, and in some cases, they should include an...
Discussing inheritances could prevent future problems
As uncomfortable as it may seem for family members to discuss inheritance matters with their intended beneficiaries, not talking about it could lead to serious problems down the line. Parents in Nevada might have good reasons besides emotional concerns for not having...
Tips for leaving a legacy
A carefully crafted estate plan can help Nevada residents make sure that they leave a positive legacy when they die. By acknowledging the need for an estate plan and communicating that plan to others, it makes it easier for heirs to anticipate what they are receiving....
Every estate is different and seeking understanding of local and state requirements during the estate planning process can make later estate administration easier. Whether dealing with simple or fairly complex estates, there are some considerations that the county...