Estate Planning

Closing a Nevada estate is not an easy task. In a best-case scenario, someone with financial and legal knowledge would handle probate proceedings and would gladly accept the role well before the time came to act. Of course, that is not always how the situation works...

Nevada residents typically feel relief and satisfaction when they complete their estate plans. These important decisions and documentation, however, might not meet their needs forever. Changing circumstances and life events could make portions of an estate plan...

Nevada residents and others who are looking to obtain control over assets or their medical care can benefit from having an estate plan. A living will determines how assets should be used to assist an individual who has been incapacitated. It can also determine how to...

As more assets are being held or stored online, it can create challenges for Nevada residents when it comes to estate planning. For example, an individual must remember to divulge the username and password of any account that is held online. Furthermore, there may be...

Nevada residents may have a will that plays a role in determining where their assets go after they pass. However, a will by itself is not necessarily an estate plan. The estate plan is everything that a person does to manage their assets now and in the future. It can...

Many estate planners in Nevada want to take advantage of the higher level of flexibility and autonomy offered by trusts. However, they may have questions about how trust instruments work, especially where they differ from wills. For example, some may wonder if they...

Over the next several decades, roughly $30 trillion in wealth will be transferred from grandparents and parents to their children and grandchildren. Therefore, it's important for Nevada residents to plan how the assets will be transferred. This may be made easier...

Major life events should trigger a review of the estate plan for people in Nevada, and divorce is one of those events. The first step is to review the will. The executor, which is often the spouse, may need to be changed along with other elements of the will that...

There may be times in which a Nevada estate owner wants to disinherit a family member. While disinheriting is possible, the process should be done with the assistance of a professional. Otherwise, the disinherited person may be able to challenge the move and have it...

Nevadans who are 50 and older may be looking to find ways to secure their legacies both now and well into the future. This is according to the 2018 U.S. Trust Insights on Wealth and Worth study. It found that 67 percent of respondents in that age range want to invest...