Insufficient estate planning can cause family drama
When parents die without a will in Nevada, there can be a lot of confusion about who should inherit their assets. If there is a large estate, the questions over where the money should go can cause rivalries to develop between siblings. Although some parents think that...
Three common applications for trusts in estate planning
Trusts enable people in Nevada to control or protect assets during their lives and after their deaths, often for the benefit of heirs. These legal tools have been developed to support many financial situations. Three common forms of trusts are revocable, irrevocable...
Having a will makes arrangements for the future
As Nevada residents know, structuring a will to protect assets and provide for loved ones after death is an important act for anyone. In addition, creating a will lets an individual direct the manner in which things are handled in the future. An important...
Choosing an executor under a will
When Nevada residents are creating their will, one of the most important decisions that they will have to make is who to name as the executor. The executor is the person or entity that is responsible for gathering all of the assets and distributing them to the...
Estate planning for young people in Nevada
The transition into a career or vocation can be exciting as independence and the ability to support oneself are realized. However, it's easy to focus on the perks of a professional life without giving much thought to future issues such as estate planning. Younger...
Questions to ask your estate planning attorney
In Nevada, estate planning can become complicated. As such, it is often wise to consult with an estate planning attorney to make sure you don’t miss anything. While a quality attorney will be able to answer your questions before you even ask them, there are a...
Questions to ask your estate planning attorney
In Nevada, estate planning can become complicated. As such, it is often wise to consult with an estate planning attorney to make sure you don’t miss anything. While a quality attorney will be able to answer your questions before you even ask them, there are a...
The benefits of naming a trustee from outside the family
When you create a trust in Nevada, it is crucial you pick a trusted individual to carry it out in the event of your death or incapacitation. This person is called the trustee. Often, you will pick a family member, such as a spouse or child, as the trustee. But there...
What are some mistakes to avoid when writing a will?
Individuals ignore writing a will for many different reasons, but it is a very important task to complete — and do so correctly. Your interests might not be adequately protected unless you have certain documents completed and established. At minimum, a rough...
Dynasty trusts can protect family assets for centuries to come
We all know at least one; the control freak, every minute of every day planned morning to midnight. And not just his own, but, if he had it his way, everyone he comes into contact with. You’d think he’ll even want to control things from beyond the grave.If...