How to manage estate plans in a blended family
Parents in Nevada who are about to get married again may have a challenging estate planning dilemma to solve. If an estate plan is not created properly, the children from the previous marriage could get nothing. Meanwhile, the new spouse could receive all of an...
The importance of estate planning for small business owners
Every adult needs an estate plan, but for business owners in Nevada, an estate plan is particularly important. A will and other documents can help ensure that an owner's wishes for the business are carried out.The first step is to create a will. The will needs to name...
The benefits of a micro estate plan
Nevada residents are likely familiar with the basic benefits of an estate plan. Generally speaking, estate plans can help keep estate taxes to a minimum or transfer assets without the need to go through probate. It may also be possible to designate a guardian for a...
Providing for your pets in your estate plan
When you discussed your ideas for your estate plans with your family, you likely talked about your various assets, properties and accounts. You may have sought their opinions about how to provide for the education of your grandchildren, the well-being of your disabled...
Estate plans could include frequent flyer miles and reward points
The probate process has made public the content of world traveler Anthony Bourdain's will. Besides bequeathing the bulk of his $1.2 million in assets to his only child, his will granted his frequent flyer miles to his estranged wife. People in Nevada who travel...
The importance of frequent reviews of your estate plan
Once your estate plan is in place, you may think you are set for the rest of your life and you never have to give it another thought. After all, it may have taken you years to muster the courage to make the plan in the first place, and now you would like to put it out...
Using the professional in estate planning
One of the primary goals of estate planning in Nevada is to ensure a prompt and unproblematic transfer of a client's property to his or her successors. Most people approaching a professional about estate planning request that heirs have a minimum of court supervision...
Estate planning tips for special needs families
Nevada residents may find that creating an estate plan is difficult under normal circumstances. It could be even more challenging for families who have members with special needs. This is because an estate plan needs to take into account rules related to government...
Mistakes in estate plans
Nevada residents should take care to avoid making certain mistakes when developing an estate plan. They should also be aware of the legal documents that are a part of their plan and what each one does.Many people tend to just rely on their planners to ensure that all...
Issues that can upend estate planning
After a Nevada resident puts together an estate plan, there is a good chance that it won't last forever. This is because there are many different variables that could change, which could render an estate plan meaningless in its current form. For instance, if a person...