Digital assets and estate planning
Nevada residents who are putting together an estate plan should remember to include digital assets. These may include everything from music to Bitcoins to domain names. While some digital assets are mainly of sentimental value, such as photographs, the average worth...
Considerations when creating an estate plan
Although many people in Nevada would rather avoid thinking about what will happen after their death, it's important for individuals to have a will drawn up. When creating an estate plan, there are several ways to make the process easier and to ensure that a person's...
Taking care of your loved ones is not a DIY project
Everyone loves a good do-it-yourself project, but there are some things in life that are too important to do on your own. One of these things is estate planning. Despite the advertisements for kits and websites that claim to help you build your own will and create an...
Estate planning when there’s no children
While many Nevada residents may think that they are too young to need an estate plan, the reality is that it can be advisable at every stage of life. Even if there aren't any children in the picture, estate planning can be an invaluable tool for the protection and...
Most Americans have avoided estate planning
Nevada residents may find it discomforting to plan for what happens after they die. According to a survey done by Caring.com, only 46 percent of American adults have some sort of estate plan in place, and only 36 percent of American adults with children under the age...
Gifting mistakes to avoid
Many Nevadans want to make gifts to their children during their lifetimes. Some want to help their children out while others want to help to avoid the possibility of estate taxes. It is important for people to understand some potential problems that can be caused if...
Let your estate plan evolve along with your life
If you have a will, you might have gone the whole nine yards and established estate plans that give you complete control of what will happen to your assets upon your death. However, your estate plan -- even if drafted with the guidance of a skilled estate planning...
Over half of Prince’s estate will go to taxes
Nevada fans of the musician Prince may be aware that he died without leaving a will. This will result in his estate being split equally between his six siblings under applicable intestacy law. It also means a hefty tax bill. The estate's estimated worth of $200...
Why it’s important for estates to have contigency plans
Nevada residents who are creating estate plans may want to consider what they want to happen if a beneficiary dies at the same time or shortly after they do. Naming contingent beneficiaries and building in several layers of beneficiaries may help. A person can even...
Is an estate plan really that necessary?
Naturally, people prefer not to talk about death. This is one of the reasons many people have not developed estate plans. Unfortunately, not having an estate plan can have negative consequences for your family's long-term future in Nevada. What happens if I do not...

