Providing for your pets in your estate plan
When you discussed your ideas for your estate plans with your family, you likely talked about your various assets, properties and accounts. You may have sought their opinions about how to provide for the education of your grandchildren, the well-being of your disabled...
Choosing who will manage estate affairs
Nevada residents who are concerned about how their interests and assets will be handled if they become incapacitated or die should make sure that they choose wisely when designating legal authority to the individuals who will be making the decisions. The actions of...
Choosing professionals instead of family to manage a legacy
Some Nevada residents who are creating an estate plan may assume that because they want to leave assets for their children and spouse, they must also leave their family in control of their legacy. The problem with this approach is that family members may be...
Simple estate planning mistakes could have major consequences
When it comes to getting end-of-life affairs in order, having a thorough estate plan can be one of the best ways to ensure that you have made your intentions clear. You may consider yourself a thorough person when it comes to planning for any type of event, and the...
Why name a trust as an IRA beneficiary?
When people in Nevada plan for the future, IRAs can be an important part of that planning process. This is true whether people are planning for their retirement years or thinking about the distribution of the remainder of the account as part of their estate. Because...
Estate plans could include frequent flyer miles and reward points
The probate process has made public the content of world traveler Anthony Bourdain's will. Besides bequeathing the bulk of his $1.2 million in assets to his only child, his will granted his frequent flyer miles to his estranged wife. People in Nevada who travel...
Determining what’s fair when dividing assets
Nevada residents should know that they can control what happens to their assets after they die. It is important to recognize that no two people may have the same opinion as to what is fair. Regardless of how assets are split, a beneficiary may still believe that he or...
How special needs trusts work
Some people in Nevada might want to create a trust for a family member with special needs who gets government benefits. These trusts can be a way to continue helping a person who has special needs without jeopardizing that person's access to those benefits.In general,...
Your parent died without a will. What happens now?
Did you know that more people across the country don't have a will than do? Many of those people without a will live here in Las Vegas. If you recently lost a parent, it's possible that he or she failed to execute a will and died "intestate," which means without a...
Revoking or changing a will
State laws vary regarding how wills should be changed or revoked. In Nevada, however, a will can be changed by a formal legal codicil or revoked by physical destruction. There are a number of different circumstances that may lead a person to change or revoke a will....