Changing tax laws have changed estate planning
Many Nevadans have trusts established in order to pass assets to their intended beneficiaries outside of the probate process. At the same time, the tax laws have changed significantly in the past few years, with the federal estate tax exemption being increased to...
Trustee services for Nevada residents
Trusts provide a number of important benefits, but deciding who will act as trustees can be a difficult decision. Trusts allow a greater degree of privacy and control, but overseeing their administration and being responsible for distributing assets can be a difficult...
Digital legacies in estate planning
People in Nevada who have prepared an estate plan may feel that they have been thorough, but they should ask themselves whether they have considered their digital legacy. With so many aspects of people's lives lived online these days, it is important to ensure that...
The importance of powers of attorney in Nevada
As Nevada residents get older, they may start having problems making financial choices for themselves if they develop a mental condition, such as Alzheimer's or dementia. It is very important that a power of attorney is set up before this happens that will allow a...
Reasons to review trusts regularly
Nevada residents who have an existing estate plan might feel that their work is done, but reviewing the documents periodically is advisable. For example, due to changes in tax and trust laws, anyone who created a trust a few years ago should take another look at...
Writing a will in Nevada
Creating a will can give Nevada residents more power over how their assets are distributed after passing away. The first step in the process is to decide how the will is to be written. It may be possible to prepare the will through the use of an online will creation...
Why a will may be challenged
Nevada residents have likely read salacious media stories concerning the families of deceased celebrities battling over their inheritances. These accounts often center on accusations that the deceased individual's last will and testament should be ruled invalid for...
Naming a replacement after a trustee passes away
Many Nevada residents choose to use trusts because they provide more privacy and can avoid probate, but they may also be more complex than a straightforward last will and testament. Selecting the individuals who will be entrusted to act as trustees are very important...
Estate planning is a must for asset protection
Young Nevada residents often overlook the importance of estate planning when addressing their financial affairs. However, it is an important key to protecting earnings, savings and other financial assets.In the event of death, the court system executes the...
Using trusts to place conditions on inheriting assets
Nevada residents who are working on their estate plans may wonder what kind of conditions they can put on an inheritance. For example, they may wish to pass assets to a beneficiary who is married to someone they dislike, and they may not want that spouse to have...