What is the “equal dignities rule?”
To be legally effective, a power of attorney must adhere to specific guidelines and requirements as set forth under Nevada law, which we have addressed in earlier posts. As important to remember is that once a power of attorney is established, it must still follow...
Establishing a durable power of attorney for health care
When you are writing your living trust, it is vital to name someone who will make important health care decisions on your behalf, should you become incapacitated. This is called granting durable power of attorney for your healthcare. Being incapacitated is generally...
Tips for planning your will
Writing a will can feel like one of the most morbid things you'll ever do, especially when you write it when you are young. Yet wills are one of the most important documents a person can pen. Knowing where to start and how to create a sound estate plan can feel...
The thrill is gone as King estate disputes begin in Nevada courts
Blues legend B.B. King was barely laid to rest before rumors of mismanaged money and even murder began to circulate in Nevada courts. The court proceedings involve issues including King’s net worth, his family’s challenge of the executor named in his will,...
What are the different types of trusts?
Trusts are an important part of estate planning. In addition to or instead of a will, they can make sure your heirs receive the right assets you plan on leaving them. There are many kinds of trusts, and each one acts differently.The first two are revocable and...
Who inherits credit card debt when the cardholder dies?
When a loved one passes on, the last thing you want to think about is dealing with their credit card debt. Yet, creditors are usually not going to wait for too long before trying to collect their owed interest. Though this usually goes smoothly, it can become...
Estate planning myths debunked
For one reason or another, many people avoid any kind of estate planning. Some think it’s too difficult; others think it is not right for them. These beliefs often step from common myths that have surrounded estate planning for many years. It is important to...
We help you to avoid the one-size-fits-all estate protection
There are countless websites promoting the use of prepackaged kits for creating your own will. Do-it-yourself software is available that promises you estate protection by walking you through the steps of preparing wills. What prepackaged kits and do-it-yourself...