Legacies in an estate plan
Some people in Nevada who are creating an estate plan may think mainly in terms of financial assets. However, this is only one part of what a person could pass on to loved ones. People also have legacies, which consist of things such as family traditions, beliefs,...
Using a trust in an estate plan
Estate plans are not just for people that have substantial wealth. Nevada residents that have any type of assets should have an estate plan in place to ensure that their possessions will be disbursed according to their wishes when they are gone. A well-designed estate...
Estate planning and types of trusts
Trusts are a commonly used tool in estate planning. There are many types of trusts Nevada residents may choose from when they are evaluating their estate planning options.A qualified domestic trust may be used when the trustee is a United States citizen, and his or...
Estate planning and divorce
When couples in Nevada decide to divorce, they are often concerned with immediate issues such as child custody, support payments and the division of assets. One area that may be overlooked is that of estate planning. It is essential that couples review their estate...
Allocating personal property
Nevada residents can use a variety of estate planning tools to dictate how specified assets should be handled in the event of their death. However, they should be aware that written provisions should be made for their other personal property as well.What happens to...
Complex circumstances require careful will planning
Many Nevada residents assume their estate plan will be a straightforward one. While this is often true for individuals with modest assets and an uncomplicated family life, people who have been married more than once, who own a business or who have significant assets...
What young people should know about their inheritance
Nevada residents may have trouble talking about money with family members. In some parts of the country, it may not be socially acceptable to do so. However, it may be a good idea to have that conversation with adult children and younger family members. It is...
IRAs and custom beneficiary designations
Nevada residents who are creating an estate plan may need more than just a will. Assets such as life insurance policies, annuities, individual retirement accounts and transfer-on-death or payable-on-death accounts are passed on to heirs using beneficiary designations....
Planned giving as part of an estate plan
Nevada residents who want to reduce the financial burden on their loved ones after their death may want to consider gifting some of their assets. Planned giving can be included in an estate plan and can provide advantages for the donor and the beneficiaries.Planned...
Are you thinking about disinheriting your children?
Though you may have felt a great sense of joy when you became a parent, the relationships with your kids may have crumbled over the years. As a result, you may feel as if you have little relationship with them at all. Now that you have decided to begin estate...

