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When thinking about what you can leave your children, you might wish you had more to give. Yet, a recent article found that one in ten wealthy families spend the family fortune within one generation. It found nine in 10 had nothing left by the second generation. It...
Tax obligations are a big part of what an executor’s job in handling an estate. Estates may be subject to taxation based on their overall value, which an executor has an obligation to manage. Although Nevada does not have an estate tax, the federal government does for...
Wills are the best-known of all estate planning documents. They are the documents that grab the headlines when someone famous dies. Yet, a will alone is not enough to cover your full estate planning needs. Wills only detail what happens once you are dead While it is...
During estate planning, a testator often seeks to control the flow of their property to the next generation after their death. Estate planning might integrate both tax planning and asset protection from creditors with careful instructions for an executor regarding...
People are often uncomfortable when they think about end-of-life issues, so they put off making a will. Some individuals never make one at all because they prefer to focus on living from day to day rather than contemplate the future Why is it important to have a will?...
A power of attorney steps in to make decisions for you in the event you become incapacitated and unable to make sound decisions for yourself. Choosing the right power of attorney is not always easy. Here are a few qualities to look for in making this important...