Managing IRAs in estate planning
Nevada residents may be interested in reading about different strategies for how to leave an IRA to beneficiaries. While many people designate beneficiaries as heirs of their IRA funds, the account can also be effectively arranged into a person's estate plan, such as...
Celebrity examples show importance of estate planning
Nevada fans of Prince may have heard that it appears he died without a will. Although celebrities may have bigger and more complicated estates than most people who are less famous, there is still a great deal that can be learned. Not having an estate plan in place can...
The importance of estate planning in Nevada
Alzheimer's disease and dementia can make elderly individuals unable to handle their own finances or even make choices about their care. This will not happen to everyone, but it is important for people to create estate planning documents that ensure that they can be...
Gift giving to reduce estate tax
Wealthy Nevada individuals may want to give money as a gift to family members both to benefit those people and to reduce the eventual value of their estate below the federal estate tax exemption, which is currently $5.45 million for individuals and $10.9 million for...
Tenancy options for a shared property
There are various situations in which Nevada residents might buy a property together. The type of tenancy recorded in purchase documents could affect how the property is handled in case of a death or in another situation involving one of the individuals exiting the...
Top tip for future financial security: Get an estate plan
It may seem counterintuitive, but planning for death can help you make the most out of life. A recent piece in the Huffington Post discussed the importance of estate plans, noting that these legal tools are important for everyone, regardless of age. One of the reasons...
The executor’s role
The executor under the will of a Nevada testator has multiple important responsibilities. Many people who are named as executors are members of the testator's family or a close friend, and some do not know what they are supposed to do in the role and may make...
Protect digital assets
For many Clark County residents, digital assets comprise a great deal of their daily interactions. They log onto their social media accounts on a daily basis, take pictures that they share online and even monitor their financial accounts online. Despite daily...
Estate planning for couples with no children
Older couples living in Nevada who have no children in many cases must plan their estates differently than couples with children. When there are no children or grandchildren to pass assets to, it can be difficult to decide where the assets should go. A husband and...