What are the disadvantages of probate?
After you pass away, a court-controlled process begins where the court checks the validity of your will and the assets that you control go through probate. Debts get paid, assets get distributed and property changes hands. But there are also ways to avoid probate. For...
Who pays outstanding bills from an estate?
In many cases, a person still has outstanding bills when they pass away. These could be very complex, such as business loans that someone took out before an unexpected heart attack. But they could also be very minor bills, such as the utility costs for an elderly...
Should you include a Power of Attorney in your estate plan?
It is important to be proactive in life. This is especially true when setting up a will that ensures that your wishes will be respected and implemented when you are no longer around to make critical decisions. Designating someone to make financial and healthcare...
Will your Nevada estate planning documents expire?
The estate planning documents that you draft will theoretically determine what happens to you if you have medical emergencies as you age and to your property when you die. Estate plans protect vulnerable family members from abandonment and your assets from creditor...