Options exist for avoiding estate taxes
Accumulating a considerable amount of wealth over a lifetime can seem like a great accomplishment. You may have done your best to work hard, save, invest and take other measures that would allow you to live a more than comfortable lifestyle and have funds left over to...
Estate planning and discussing goals with the kids
Many parents in Nevada and elsewhere might not always feel it necessary to speak with the kids prior to making decisions about their future. However, sometimes it may be beneficial to talk with one's children and gauge their interest in certain topics. Some parents...
Topics to address when setting up a trust for a minor
In addition to the sheer joy of welcoming a child into the world, becoming a parent also comes with a certain level of added responsibility. Parents in Nevada who wish to better prepare to protect the future of their kids could benefit from exploring the available...
Reducing stress through estate planning
While certain circumstances in life can be inherently difficult to manage, having a strategy for these scenarios could prove beneficial in various ways. Individuals in Nevada may find that there are a variety of estate planning tools that could help them and their...
Estate planning: Steps to take after a parent passes on
It is no secret that dealing with the loss of a loved one can be a stressful and daunting experience. When a parent passes away, family members in Nevada may be left facing a variety of decisions, all while mourning his or her passing. Understanding the steps to...
Estate planning: Identifying all assets and any potential risks
While many individuals in Nevada and elsewhere may understand the appeal or benefits of planning for life ahead, some might not always know what to include in their strategies. In addition to identifying assets prior to initiating the estate planning process, it could...
Possible responsibilities for financial powers of attorney
While managing the financial affairs of someone who is no longer capable of making the necessary decisions can be a stressful task, it might be less intimidating with proper planning. Individuals who prepare for the unexpected outcomes of life with estate planning...
Weighing the possible benefits of a spendthrift trust
There are a variety of available tools in estate planning, each of which may offer its own set of possible benefits. Individuals in Nevada who are in search of an option that can help them continue to provide for their kids without allowing them to inherit all of...
Estate planning could help limit unexpected outcomes
While navigating through life, many individuals in Nevada and across the nation may come to the realization that things might not always go as planned. While creating a strategy for the future, part of protecting one's wishes may rest in addressing every possible...
Is probate necessary for your loved one’s estate?
When someone dies, many people think that the individual's estate must go through the probate process. However, that is not always the case. Ways exist for individuals to create their estate plans in a way that could allow them to avoid probate, but many...