Living wills make wishes known in case of incapacity
The decision to write a will introduces people in Nevada to a host of other estate planning decisions. A living will and power of attorney represent two of the most important documents that supplement a person's final arrangements. These instructions offer clear...
Digital accounts and estate planning
While settling an estate has never been easy for executors in Nevada or elsewhere, the items within an estate tended to usually be of the tangible variety. Today, most people live some or all of their life online. This means that there may be digital assets that need...
Is a joint tenancy with an heir a good idea to avoid probate?
In Nevada, some people want to avoid probate when they die so that their heirs do not have to go through a lengthy process in order to receive their assets from their estates. It is possible for people to avoid probate by titling their assets in joint tenancy with...
How long will probate take?
After the death of a loved one, you may feel like matters go very quickly. Before you know it, relatives arrive, you discuss arrangements, and suddenly you are sitting at a funeral service thinking that you were talking with your departed parent or grandparent just...
Using a TOD deed to avoid probate
Nevada residents who intend to have their assets given to their offspring upon death and who have listed them as the beneficiaries on their investments have taken the right steps. They may have also complete a will that leaves all of their assets to their children....
The process of trust decanting
One of the estate planning tools that Nevada residents can use to protect certain assets for their heirs is an irrevocable trust. The nature of this particular type of trust prevents its provisions from being modified or cancelled, except in some cases with the...
Estate planning and types of trusts
Trusts are a commonly used tool in estate planning. There are many types of trusts Nevada residents may choose from when they are evaluating their estate planning options.A qualified domestic trust may be used when the trustee is a United States citizen, and his or...
Why a married person may need powers of attorney
A power of attorney makes it possible for a person to have his or her wishes met while incapacitated. Nevada residents who create a power of attorney will draft such documents while they are still of sound mind. If a person is married, a spouse generally has the...
Does your trust-based estate plan need a pour-over will?
After looking over the various estate planning options available to you, you may have decided that a trust-based plan would best suit your needs. Many Nevada residents often come to this decision as trusts can offer a variety of protections for your property while...
Estate planning and divorce
When couples in Nevada decide to divorce, they are often concerned with immediate issues such as child custody, support payments and the division of assets. One area that may be overlooked is that of estate planning. It is essential that couples review their estate...