Estate Planning

It is possible for a parent to leave his or her entire estate to a single child instead of dividing it equally among all the children. However, it is also possible for the heir to give a portion of that inheritance to his or her siblings. One method is to disclaim the...

Marriage is generally considered a key to creating wealth. However, for same-sex couples, having the ability to marry has not yet translated into wealth generation. Same-sex couples face a variety of financial challenges that other couples statistically do not. From...

When Nevada residents plan their estate, they often stipulate what will happen to their home, personal possessions and financial accounts. However, many people fail to make arrangements for the family pet.According to animal care advocates, responsible pet owners...

Nevada residents may be interested in reading about different strategies for how to leave an IRA to beneficiaries. While many people designate beneficiaries as heirs of their IRA funds, the account can also be effectively arranged into a person's estate plan, such as...

Wealthy Nevada individuals may want to give money as a gift to family members both to benefit those people and to reduce the eventual value of their estate below the federal estate tax exemption, which is currently $5.45 million for individuals and $10.9 million for...

Nevada residents may not think about social media as a part of their estate plan, but most of the major social media platforms have procedures in place to deal with a person's death. For example, a Facebook account can be deleted or memorialized. Facebook needs proof...

Due to some changes in federal estate tax laws, Nevada residents and others across the nation have been left wondering whether they should change their estate plan. Determining whether or not to make a change to a trust, for example, depends on when the current trust...

Nevada fans of singer Prince might have heard that he died without a valid estate plan, but if so, he is not the only celebrity to do so. Michael Jackson's family did not find his will until several years had passed. Among other complications, the IRS argues that his...

Nevada residents who have assets such as insurance policies and retirement accounts likely filled out a beneficiary designation form when those assets were acquired. In many cases it will be the spouse who will be named, but other individuals can be beneficiaries as...