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...
Estate planning and fiduciary responsibility
When Nevada residents create a trust, one or more individuals will be appointed to have some fiduciary responsibility. It is important for a person who has been appointed a trustee or who has other fiduciary duties connected with an estate to fully understand those...
Are you aware of your non-probate assets?
The types of assets a person owns can impact how his or her estate closes after death. The manner in which you plan for your family to address these assets can also impact the settling of your estate. If you hope to ensure that your estate administration goes smoothly...
Ways to provide care for pets after passing on
According to a National Pet Owners Survey, 85 million Americans own a pet. For many in Nevada and throughout the country, they are treated like a part of the family. To make sure that a pet is cared for if its owner dies, it may be possible to establish a pet trust....
Important aspects of estate planning
It may be particularly important for women in Nevada to ensure that their estate plan is in order since women often live longer than men and may outlive their husbands. Women should make sure that there is adequate life insurance for them to cover expenses if their...
Pitfalls of do-it-yourself estate planning
People in Nevada who are creating an estate plan may wonder whether they can simply use a do-it-yourself will. However, there are a number of potential disadvantages to this approach.One downside is that a do-it-yourself estate plan might be more likely to contain...
Handling final requests
One important detail people in Nevada may leave out of their estate plan is their preferences regarding their final arrangements. While wills were commonly used in the past to detail one's final arrangements, that is no longer the case. Typically, some time will pass...
Estate plans for all income levels
Some people in Nevada may think that the word "estate" in "estate planning" implies that a person needs to be wealthy in order to have an estate plan. However, an estate plan is important for all adults regardless of their income or assets. All estate plans are...
How to choose a beneficiary
Nevada residents who have created an estate plan may not have taken beneficiary designations into account. These forms may have been filled out along with a lot of employment paperwork, and people could forget about it. Therefore, beneficiary designations may need...