Passing your values on
Many people living in Nevada are well aware of the importance of estate planning. These individuals often take steps to write and update wills, designate beneficiaries on their insurance policies and retirement accounts and craft extensive end-of-life directives....
Estate plans that prepare for incapacity
Some married people in Nevada might think they have a well-prepared estate plan when they own a home in joint tenancy with survivorship. They might have a similar arrangement for other assets such as a retirement fund and some investments.The problem with this...
Importance of regular reviews of estate plans and wills
After Nevada residents sign their wills, it is important for them to review them regularly and to make changes when they need to do so. Tax laws are frequently revised, and people's estate plans should be modified accordingly so that they can obtain the most...
Updating your estate plan after divorce may prove wise
During your marriage, you may have expected your spouse to stick with you until the end. As a result, many decisions made during your estate planning process may have hinged on your spouse acting as beneficiary to your property or as agent in decision-making...
Establishing Security By Creating A Will
Parents in Nevada and elsewhere can take steps to protect their children by creating a last will and testament before they die. It's not a task that is pleasant, but it allows people to make decisions regarding their finances and property as well as how any younger...
The importance of passing on knowledge
Nevada residents may be able to learn a lesson from the play "The Summoning of Everyman." It is an allegory about humanity and how the only thing a person has left when he or she dies is that person's good deeds. When it comes to estate planning, the lesson from this...
Digital assets and estate planning
Nevada is one of the states that has adopted the Revised Uniform Fiduciary Access to Digital Assets Act. This is important in giving fiduciaries access to a person's digital accounts. However, many people might not think about digital assets in connection to setting...
Legacies in an estate plan
Some people in Nevada who are creating an estate plan may think mainly in terms of financial assets. However, this is only one part of what a person could pass on to loved ones. People also have legacies, which consist of things such as family traditions, beliefs,...
How charitable trusts differ from other types of trusts
Charitable trusts are governed by somewhat different rules than other types of trusts. People in Nevada who are creating an estate plan that includes a charitable trust may be interested in learning that it can last into perpetuity unlike other types of trusts. This...
Mistakes with your estate plan can cost you more than money
Nevada readers know that estate planning is smart for everyone, but sometimes, common mistakes can complicate estate-planning efforts. Simply having a will in place may not be enough to protect yourself and your family in case of a contingency. It is prudent to know...