What to consider when choosing an estate representative
A Nevada resident with assets may need to appoint someone to oversee their estate plan after they pass. This person is referred to as the executor, and they could have a variety of different responsibilities. For instance, the executor might be required to probate a...
Opting for flexibility in a trust
Trusts can be an important part of estate planning, helping Nevada residents to achieve their goals with a higher level of customization, control and privacy. However, flexibility can also be an important part of a trust. Tax laws and inheritance laws can change over...
What’s holding you back when it comes to estate planning?
You may answer this question by saying that you just haven't had the time to think about it. Perhaps the subject of estate planning isn't even on your radar yet because you feel you are too young to consider it.While these seem to be perfectly logical reasons for not...
Why couples without kids need estate plans
Couples in Nevada and throughout the country have many reasons to create an estate plan even if they don't have children. For example, they could still have assets that they want to give to friends, family members or charitable organizations. A will can be a powerful...
Young people can benefit from estate planning
Younger people may not have put too much thought into planning for the future of their assets after they pass away. Many millennials do not yet have children, and others have accumulated little in terms of assets. While people may have investment accounts, many often...
What to know about being an executor
Some Nevada residents may be asked to serve as the executor of their loved one's estate. While the job may seem to be relatively straightforward, it can be more complicated than it appears to be. An executor has many responsibilities such as collecting assets, filing...
Determining if a living will is needed in an estate plan
Having a comprehensive estate plan is a critical step for Nevada residents. Estate planning is a vital part of ensuring that a person's assets are allocated appropriately and loved ones are taken care of. However, there are often questions about what kind of estate...
Major tasks for the executor of the estate
Though you may feel overwhelmed by grief, you know that your recently deceased loved one left you a job to do. You may not know much about acting as the executor of his or her estate, but you likely do understand the importance of the role. You may feel honored that...
Creditors claims, tax issues may affect Epstein estate
Many people in Nevada may be aware of the Jeffrey Epstein case, in which the wealthy financier committed suicide in a New York jail where he was facing trial on sex trafficking charges. Epstein prepared a will and a trust two days before his August 10 death, but there...
Comparing the benefits of wills and trusts
One of the most important parts of planning for the future is having a comprehensive estate plan. Nevada residents who want to ensure their loved ones are cared for and their assets are allocated according to their wishes should think about wills and trusts. The...