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...
Month: March 2021
What does real estate mean for estate administration in Nevada?
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...
Why it’s important to have a will
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?...
What to look for in a power of attorney
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...