Are you considering appointing one of your children as executor?
If you had it your way, you would be in charge of any affair you needed handled. You know yourself and your personal matters best, so why would you want anyone else to step in? Of course, a time will come when you are no longer around, and someone will need to settle...
Points to keep in mind when preparing a will
No one likes thinking about dying, but it is a part of life. If a person, especially a parent, fails to prepare a will, they can put their loved ones in a bind. Here are a few things that Nevada residents should keep in mind as they go about estate planning and...
Using an estate account during probate
The executor of an estate holds a great deal of responsibility. If you hold this position, you will likely have to field questions from beneficiaries and other individuals associated with the estate who want information about how probate is going. You will also need...
Estate planning for blended families
Couples in Nevada that marry later in life with children from prior relationships may need to pay special attention to estate planning. When people create a will, they are making decisions about how they want their assets to be distributed. It can be important for...
Being in charge of settling a parent’s final affairs
Most people would love for their parents to live forever. The loss of a parent can be immensely difficult on any Nevada resident, and often, it is a surviving adult child who bears the responsibility of completing the probate process and ensuring that the parent's...
What’s holding you back when it comes to estate planning?
You may answer this question by saying that you just haven't had the time to think about it. Perhaps the subject of estate planning isn't even on your radar yet because you feel you are too young to consider it.While these seem to be perfectly logical reasons for not...
Why couples without kids need estate plans
Couples in Nevada and throughout the country have many reasons to create an estate plan even if they don't have children. For example, they could still have assets that they want to give to friends, family members or charitable organizations. A will can be a powerful...
Young people can benefit from estate planning
Younger people may not have put too much thought into planning for the future of their assets after they pass away. Many millennials do not yet have children, and others have accumulated little in terms of assets. While people may have investment accounts, many often...
Major tasks for the executor of the estate
Though you may feel overwhelmed by grief, you know that your recently deceased loved one left you a job to do. You may not know much about acting as the executor of his or her estate, but you likely do understand the importance of the role. You may feel honored that...
Comparing the benefits of wills and trusts
One of the most important parts of planning for the future is having a comprehensive estate plan. Nevada residents who want to ensure their loved ones are cared for and their assets are allocated according to their wishes should think about wills and trusts. The...