What does Nevada law say about wills?
What do you know about wills? Like most other people, you may know that this document distributes your assets to those you choose after your death. Many people often refer to it as the "cornerstone" of an estate plan.While those statements are true, you may not know...
Using a durable financial power of attorney in estate planning
A financial durable power of attorney could be an important part of an estate plan for some people in Nevada. This allows someone to manage a person's finances if that person becomes incapacitated. Unlike a regular financial power of attorney, it will not become...
Mistakes with estate planning
Estate plans can be used to help surviving loved ones manage a deceased individual's estate. In fact, wills and trusts could help eliminate stress and make the grieving process a little easier. However, Nevada estate owners should take care to avoid making certain...
Digital assets and estate planning
Nevada residents should consider an estate plan as an essential component of a well-rounded financial strategy. The use of an estate plan can also give them a measure of relief and reassurance in knowing that they have done what is necessary to protect assets for...
A few reasons to have a trust in Nevada
More and more people recognize the advantages of estate and wealth planning that utilize Nevada law. According to a client advisor and vice president of a trust company, Nevada is among the friendliest states when it comes to the treatment of trusts. Establishing a...
Start estate planning by inventorying your assets
If you have recently decided to get started on your estate plan, congratulations. Making this decision can certainly seem intimidating, and far too many Nevada residents put it off until it is too late. Of course, you may still have some hesitations about moving...
The benefits of a spendthrift trust
Parents in Nevada and throughout the country may have the intention of leaving money or other assets to their children. However, it doesn't necessarily mean that those children can manage an inheritance effectively. This could stem from a lack of maturity, a substance...
Including digital assets in an estate plan
People in Nevada spend more time online than ever before, and an increasing portion of their financial lives are also conducted over the internet. However, many individuals do not think about digital assets when they begin to consider planning for the future. When...
Tom Petty’s widow and daughters battle over his estate
Music fans in Nevada who were saddened when Tom Petty died of a drug overdose in 2017 may be surprised to learn that his widow and two daughters are embroiled in a bitter legal dispute over his estate. Petty's daughters have accused his widow of gross mismanagement...
Aretha Franklin’s handwritten wills submitted to court
People in Nevada could learn from the estate planning woes currently being experienced by the family of the late Aretha Franklin. Initially, reports were that the singer, who died in 2018, did not have a will. Since then, three different wills have been found. All...