Powers of attorney serve important estate planning functions
The importance of various powers of attorney cannot be overlooked when a Nevada resident undertakes the task of creating an estate plan. Almost everyone is familiar with what a will can accomplish, and many people have a general notion of the benefits of a trust, but...
Will you have to handle your loved one’s debts during probate?
As the executor of your loved one's estate, you know that you have a lot of work ahead of you. At times, you may feel stressed and overwhelmed, and that is not unusual for individuals in your position. Still, you can help yourself handle probate as best as possible by...
Reasons why millennials should look into estate planning
When millennials in Nevada hear about estate planning, they may think that it applies only to older individuals or those who have a family to protect. The truth is that everyone should be concerned about estate planning, regardless of age and current wealth.One reason...
Why parents should consider special needs trusts
Parents in Nevada and throughout the country may be tasked with raising children who have a mental or physical disability. These disabilities may make it difficult or impossible for children to provide for themselves when they are older. One way that parents can...
Complications arising from John Singleton’s outdated will
Some Nevada fans of director John Singleton may be aware that after his sudden death in April 2019 from a stroke, his family discovered that his estate plan was out of date. Singleton wrote a will in 1993 when he had one daughter. He never updated it, and he since had...
Health care estate planning for young adults
Most college students in Nevada and around the country spend very little time thinking about estate planning, but many of the documents found in a comprehensive estate plan can be of great value even to the young and healthy. After all, college students are adults who...
Tips for making an estate plan better
Many Nevada residents may have prepared an estate plan at some point in their lives and assumed that is sufficient, but this is not always the case. Estate plans can often be improved or may need changes over time. For example, people may not have life insurance...
Are you considering appointing one of your children as executor?
If you had it your way, you would be in charge of any affair you needed handled. You know yourself and your personal matters best, so why would you want anyone else to step in? Of course, a time will come when you are no longer around, and someone will need to settle...
Tips to help families create an estate plan
The last thing that most Nevada families want to do is sit around the dinner table discussing an estate plan or trusts. No one likes to think of their inevitable mortality. However, having the right plan in place can be a huge blessing during a time of extreme...
E-wills offer convenience but may have risks
Many Nevada residents understand the importance of preparing a will. Thanks to the Uniform Electronic Wills Act, residents of this state can execute a will electronically. Some analysts predict that other states will adopt the same legislation in the future....