How should you fund your living trust?
Many individuals assume that you need to have significant wealth to fund a trust. While that may be the case with some trusts, that's unnecessary if you plan to set up a living trust. Several factors may motivate an individual to set up a revocable trust. You may want...
What happens if someone dies with their estate in the red?
Executing an estate is challenging, but you get the satisfaction of seeing assets pass from one generation to the next. If you are one of those receiving assets, so much the better. Yet, what happens if you discover the person who died had nothing left to give? An...
Young adult estate planning surged in 2020
If nothing else, 2020 reminded us that nothing is guaranteed in life. No matter what your plans are, circumstances beyond your control can wipe them out. People also spent a lot more time at home than usual, with plenty of time to consider their mortality and their...
Expecting your first child? It’s time for some estate planning
Expectant parents often research what to expect during their pregnancy and baby's early years, identify potential names for their child and set up a registry while they're awaiting their newborn's birth. Estate planning generally isn't at the top of expectant parents'...
What debts will a Nevada executor have to pay from the estate?
The probate process can be an overwhelming experience, especially if you have never handled an estate before. There are all kinds of obligations for an executor, including notifying family members and filing paperwork with the probate court. Handling the financial...
Can my grandchildren benefit from a trust?
Trusts are valuable tools for those who have a specific legacy they would like to leave behind when they die. All too often, your wishes and plans could wind up undermined by the actions or preferences of the people you name as beneficiaries or heirs. They could waste...