Estate planning when you’ve had a falling out with your child
Most parents would probably agree that seeing their children come into their own is a bittersweet experience. Like them, you may miss those times when your child would cuddle up with you on the couch and loved you unconditionally, especially if you now have a strained...
Reading of wills no longer required by states
Nevada residents who have had a loved one recently pass away may be interested to know if they were named in the will. A will is a legal document that allows a person to determine what happens to their estate after they pass away. Wills typically name the...
The new year is the perfect time to review your estate plan
As the new year gets underway, you may be thinking of certain matters you need to address to ensure a happy year ahead. You may think of diet changes you want to make, doctor appointments you need to schedule and personal matters you need to update. In particular, you...
Being open and objective is important when acting as executor
When your loved one passed, the loss likely made you sad but also grateful that he or she created an estate plan. Hopefully, you knew ahead of time that your family member chose you to act as the executor of the remaining estate, as having a will and other estate...
Planning for incapacity as part of an estate plan
Some people in Nevada who have created a will or a trust may feel that they have completed all the necessary estate planning documents. However, they may not have prepared documents that deal with becoming incapacitated. A health care directive, also known as a...
Tips to help Nevada residents with estate planning
Typically, when a person dies, a portion of that individual's estate goes to a spouse or child. However, not everyone wants to leave assets to their family members when they pass on. If a person specifically disinherits a child in a will, that son or daughter is...
Retirement accounts never go through probate. Right? Wrong
When you either started a Roth IRA or began participating in your employment retirement plan, you should have filled out a beneficiary designation form. You believed that filling that out would guarantee that the person or people you designated will receive the funds...
What people should know about family members contesting a will
Nevada residents who have been left out of a family member's will and those making their will may be interested to learn whether a family member can contest a will if they are not included in it. The basic answer is yes. It is possible for a family member to contest...
Will you have to handle your loved one’s debts during probate?
As the executor of your loved one's estate, you know that you have a lot of work ahead of you. At times, you may feel stressed and overwhelmed, and that is not unusual for individuals in your position. Still, you can help yourself handle probate as best as possible by...
Reasons why millennials should look into estate planning
When millennials in Nevada hear about estate planning, they may think that it applies only to older individuals or those who have a family to protect. The truth is that everyone should be concerned about estate planning, regardless of age and current wealth.One reason...