Dispute over late performer’s estate continues among her heirs
When Nevadans lose a loved one, it is difficult in an emotional and personal way. This can be made more complicated if there are disputes among loved ones as to how the assets will be distributed. Even those who have done due diligence with comprehensive estate...
What happens if your loved one died without a will?
The fact is that most people do not take the time to create an estate plan or even just a will. Admittedly, contemplating your own death isn't anyone's idea of a good time, so it ends up on the back burner. Some people think they have plenty of time to address...
Using trusts as IRA beneficiaries
A popular tool used to save for retirement is an individual retirement account. If a Nevada resident decides to use an IRA, they will have to determine where the funds should go when they pass away. One way to ensure that IRA funds are handled according to one's...
Reports say Anderson Cooper set to inherit $1.5 million
Nevada fans of CNN anchor Anderson Cooper may be interested to learn that he is set to inherit less than $1.5 million following the death of his mother, Gloria Vanderbilt. According to report, it was speculated that Cooper could have received a sizable estate based on...
The potential pitfalls of a simple will when children come along
It's common for millennials in Nevada and elsewhere in the nation to have a desire to keep things simple, even when it comes to estate planning. They often prefer assets that suit their portable lifestyles. Younger adults also tend to gravitate towards simple...
Creating an estate plan when a person has a chronic illness
Those living in Nevada and anywhere else in the country who have a chronic illness should create an estate plan. The same is true for those who have loved ones who are dealing with cancer, Alzheimer's disease or similar conditions. By 2020, it is expected that 157...
Could you receive a copy of your loved one’s will?
When it comes to knowing what a loved one put in his or her will, some people may wait anxiously. Understandably, many individuals want to know whether they were specifically named in a person's will and whether they may receive a desirable bequest. Of course, if the...
Why a trust may be a better choice than a will
Some people in Nevada may assume that a will is sufficient for an estate plan, but there are a number of reasons that a trust might be a better choice. The person who creates a trust is known as the settlor, and the settlor appoints a trustee who will manage the...
How to cut someone out of an estate plan
Those who live in Nevada or anywhere else may no longer have a close relationship with a child or other family member. In some cases, an individual may want to exclude that family member from an estate plan. If it becomes necessary to fully or partially disinherit...
There are several kinds of irrevocable trusts
Trusts can be powerful instruments when they are included in Nevada estate plans. They can be tailored to fit the circumstances and wishes of the trustmaker, and they can effect the transfer of assets outside of probate. Broadly speaking, the two categories of trusts...