How do retirement accounts factor into estate planning?
Your retirement accounts may have a higher total value than the home where you live if you are already close to retirement age. After all, those savings will need to support your household for years after you officially and your career. Experts have long recommended...
The often-ignored risks of DIY estate planning
A surprising number of adults are attempting to create their own estate plans. Many are turning to how-to tutorials online which gives them a false sense of confidence about the end product that they’re seeking to craft. Unfortunately, the do-it-yourself (DIY)...
What are the differences between a living trust and a will?
Trusts and wills are two of the main documents that people use to leave assets to their heirs. With either one, you can determine how you are going to pass your wealth on to the next generation. However, along with the similarities come some very significant...
How do I appoint a guardian for my child?
As a parent, your primary responsibility is to secure your child’s health and well-being. And most parents take this responsibility very seriously. However, there is one aspect that most parents overlook: appointing a legal guardian for their child. Basically, a legal...
Who can witness your Nevada will?
A will allows you to specify how you would want your estate to be distributed when you die. And by taking the guesswork out of your wishes, you get to eliminate potential conflicts that might complicate the probate process. However, for your Nevada will to be legally...
A trust can be based on age
When many people create trusts, they are based on a specific type of use. For example, an educational trust can pay for someone’s college tuition. A special needs trust can help support an heir that has special needs without disqualifying them from the government...
How do you know when it’s time to update your will?
We all know that we should have a will in place. It’s a way of making sure your loved ones receive the inheritance that you’ve worked so hard to build for them throughout your lifetime. You also want to make sure that the process of handling your estate after you pass...
5 common mistakes to avoid when making an estate plan
It’s ideal for you to create an estate plan so you can financially support your loved ones upon your passing. With that said, estate planning is something that requires great care. Unfortunately, some people make mistakes when establishing their estate plans. Below...
What can’t I include in my estate plan?
Your estate plan might consist solely of a will or may include numerous other documents including trusts and powers of attorney. Every individual's unique legacy wishes and personal circumstances will dictate the use of different documents for estate planning...
The best tip for bringing up estate planning
It can often be difficult to talk to your parents about estate planning. You may be worried that they haven’t created a plan. You may be concerned that this will cause disputes between you and your siblings, or just that the process will be longer and more confusing....