Wills can be a touchy subject
As they age, Nevada residents may find that it is difficult or intimidating to focus on issues related to final estate matters. A recent survey indicates that more than half of parents in the nation have failed to create the documents needed to clarify their final...
Revocable living trusts in Nevada
In Nevada, a revocable living trust is sometimes used as an estate planning alternative, particularly for probate issues that can't be solved with a will. Before deciding on using a revocable living trust, an individual should take certain factors into account. This...
What are the common steps to create a will?
Nevada residents may be interested in some information on how to get started with estate planning. Generally, the first document to create is a will. A will directs how a person's assets should be distributed when they die, and it typically includes provisions for...
Gifting rules and powers of attorney in Nevada
A power of attorney is a very common estate planning document that people have in place in order to allow another person to make financial or other decisions on their behalf in the event they become incapacitated. If the person becomes incapacitated, the person who...
The importance of drafting an estate plan
Most Nevada residents who are preparing to retire or have already retired know just how important it is to plan for the future. Many residents, however, often neglect to create an estate plan. An estate plan assists surviving family members with their wishes regarding...
Thinking beyond usual Nevada estate planning options
As estate tax cutoffs continue to climb, estate planning is no longer as beholden to potential tax liabilities as it once was. For Nevadans, this affords more options concerning how and where estate funds may be distributed. This, in turn, permits those entering...
Judge gives Robin Williams’ feuding widow and children deadline
When a celebrity passes away, media outlets generally run two kinds of stories. The first deals with how beloved the athlete or entertainer was while listing their honors and achievements, and the second concerns their estate planning acumen or lack thereof. Nevada...
A-B trusts in Nevada
While people may have heard of A-B trusts, they may not know what these trusts are or why they are used. These trusts are established by married couples in order to help avoid double-taxation after one spouse dies.A-B trusts are ones that are set up to split into two...