Planning for long-term care without family
People in Nevada who do not have immediate or close family members still need an estate plan. An important part of this plan is appointing people to manage one's financial and healthcare decisions in case of incapacity.If a person does not have the necessary documents...
Estate planning can help avoid later difficulties
When people in Las Vegas pass away without a will, the consequences for their family members can be painful and even costly. Estate planning can be an emotionally and logistically difficult process because resentments and rivalries can emerge after a death, especially...
Issues that can upend estate planning
After a Nevada resident puts together an estate plan, there is a good chance that it won't last forever. This is because there are many different variables that could change, which could render an estate plan meaningless in its current form. For instance, if a person...
Mistakes with beneficiaries could cause issues
Estate planning has many beneficial applications. You can address many areas of your life and ensure that your loved ones know how you would like to be laid to rest, how to divide your assets and how to handle other important tasks associated with your passing and...
How to create an estate plan for digital assets
Some people in Nevada who are creating an estate plan might primarily think about their assets as things like bank and investment accounts and real estate. They might not consider the large role that digital assets play in their lives. Digital assets may include...
What a personal representative is responsible for
Nevada residents who are named as the personal representative of an estate have an important duty to carry out. Their responsibilities include collecting assets, paying bills and filing income and estate tax returns if necessary. They are also tasked with distributing...
Understanding the probate process
When people in Nevada plan to create wills, trusts and other key estate documents, they are often most concerned with protecting their assets and ensuring that their family is cared for after their death. While the issue of probate comes up frequently when considering...
Are probate and estate administration the same?
Many areas of law leave most people confused. After all, legal matters remain so complex that many individuals devote their careers to learning specific areas of law in order to help others when the need arises. Even when individuals think they know a certain amount...
How to choose people for roles in an estate plan
One important decision that must be made by people in Nevada who are creating an estate plan is whom to choose for various tasks associated with the estate. These people can be family members or close friends, but they should have the necessary aptitude for the jobs....
How to amend a trust
Nevada residents who want to make changes to a trust might wonder whether they should amend it or write an entirely new one. The first step is to make sure that it is possible to amend the trust. Most living trusts can be amended or revoked. Most amendments are not...