Updating estate planning goals after becoming a parent
While becoming a parent can be a joyous occasion, it also comes with a significant level of responsibility. Prospective or new parents in Nevada may feel it vital to take every precaution to protect the well-being and futures of their children, but they might not be...
Addressing the necessary estate planning topics
Many individuals may consider having a plan for the future to be essential, but they might not be sure what topics such a plan should cover. With a variety of possible topics to address and potential scenarios to consider, the estate planning process may even seem...
Misconceptions about the estate planning process
Many individuals in Nevada and across the nation may feel that having a strategy in place for the future is an essential part of life. However, there are a variety of misconceptions about the estate planning process that could leave a person feeling somewhat hesitant...
Knowing when to update estate planning documents
Upon experiencing a change in life circumstances, it might not be uncommon for a person's preferences and interests to change as well. Those who encounter such a scenario may feel it vital to take the necessary steps to ensure their plans for the future align with...
What should you consider when choosing a trustee?
When working on your estate plan, you may have decided that using trusts would help you protect assets and achieve other goals you have for your estate and family's future. Making this decision may bring about some peace of mind because you know that the assets will...
The first steps of the estate planning process
When considering what legal and financial protections may be useful for the future, it is not always easy to know where to start. Each individual's needs and objectives are different, and this means each estate plan should be different as well. There are some life...
The earlier estate planning happens, the better
Many in Nevada are reluctant to think about what will happen after they pass away. Someone who is young and healthy may not think it's necessary to have plans and protections in place for the future, but in reality, estate planning should be done as soon as possible....
The uses of trusts and trust modifications
People in Nevada who are creating an estate plan may want to include a trust as part of it. A trust may be revocable or irrevocable. The former can be changed by the creator, also known as the settlor. The latter usually cannot. Irrevocable trusts remove assets from...
Estate planning for childless couples
It isn't uncommon for couples in Nevada and elsewhere to refrain from having children. This may be because they are worried about their parenting skills, focused on professional pursuits or they simply prefer not to have children. However, it is still important for...
Why estate planning matters
Despite the importance of creating an estate plan, it is something that many people in Nevada and elsewhere put off for as long as possible. An estate plan can provide instructions for how a person's assets should be distributed after he or she passes. It can also...