Cassady Law Offices, P.C. - Las Vegas Estate Planning Attorney
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February 2020 Archives

Can your estate plan benefit from an advance medical directive?

Getting older means different things for different people. You may be considering where you want your career to go, whether it is time to start a family or even what you will do during retirement, depending on your age. No matter your age, however, it is important for you and other Nevada residents to have an estate plan.

Estate planning changes after divorce later in life

In Nevada and across the country, a growing number of Americans are deciding to divorce later in life. While overall divorce rates have gone down, the divorce rate for people aged 50 and up actually doubled between 1990 and 2010, a trend that shows no sign of stopping. Financial advisors have noted some of the changes and concerns that can accompany divorce later in life, including making changes to each spouse's estate plan and retooling their retirement savings to fund separate lifestyles.

How families can protect their wealth

A trust protector may allow parents in Nevada and other states to guard against their children losing some or all of their inheritances. This legal tool can also be used to protect anyone else who may be a beneficiary or trustee. In an example, a parent has placed an inheritance in a trust that the child is both the beneficiary and the trustee of. This can be effective because it protects it from being considered marital property in the event of a divorce.

Tips for revising an estate plan throughout a person's life

Some people in Nevada may think they do not need an estate plan because they are too young or have few assets, but adults of every age could benefit from having one. Over the years, needs vary, and people may need to revise the documents.

Is adding a living trust to your estate plan right for you?

Wanting to have your affairs in order to lessen stress on family members is an admirable desire. You know that, one day, you will no longer be around to address your loved ones' concerns or to help them handle your remaining estate, so you want to leave instructions in your estate plan now.

How celebrity deaths show the importance of estate planning

People often procrastinate about estate planning. It can be difficult to think about death although it may become more prominent in people's minds after the death of a celebrity. For example, Nevada fans of basketball star Kobe Bryant might have thought about what would happen to their own families if they were killed in a sudden accident as Bryant was.

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