Anonymity and lottery winnings
While most forms of gambling are legal in Nevada, lotteries are not, which is why so many residents of the state often travel to neighboring towns in California or Arizona to buy tickets when Powerball jackpots reach stratospheric levels. While the idea of winning...
Managing an inheritance
Some people in Nevada who inherit money may be surprised to learn that the inheritance does not automatically make their lives easier. In fact, in some cases, people who are unprepared might make unwise decisions about an inheritance, but there are some strategies...
Changing tax laws have changed estate planning
Many Nevadans have trusts established in order to pass assets to their intended beneficiaries outside of the probate process. At the same time, the tax laws have changed significantly in the past few years, with the federal estate tax exemption being increased to...
Digital legacies in estate planning
People in Nevada who have prepared an estate plan may feel that they have been thorough, but they should ask themselves whether they have considered their digital legacy. With so many aspects of people's lives lived online these days, it is important to ensure that...
Estate planning is a must for asset protection
Young Nevada residents often overlook the importance of estate planning when addressing their financial affairs. However, it is an important key to protecting earnings, savings and other financial assets.In the event of death, the court system executes the...
Using trusts to place conditions on inheriting assets
Nevada residents who are working on their estate plans may wonder what kind of conditions they can put on an inheritance. For example, they may wish to pass assets to a beneficiary who is married to someone they dislike, and they may not want that spouse to have...
Strategies to reduce taxes in estate planning
Individuals in Nevada who are working on an estate plan may be wondering how to protect their assets from taxes. Even the beneficiaries of those whose estates fall well under the federal exemption limit of $5.43 million may face taxes on assets like second homes and...
Woman’s destruction of fortune teaches estate planning lesson
Nevada residents may have read about the Austrian woman who reportedly destroyed her fortune to prevent her heirs from getting anything when she died. The woman reportedly shredded approximately $1 million worth of Euros and left the pieces all over her nursing home...
Constructive trust addresses potential estate-related problems
Some Nevada residents may worry that their estate plans won't turn out as desired in spite of careful work to detail their wishes in a living trust or last will and testament. However, constructive trusts can be used to address a number of situations involving the...
Celebrity estate planning
Estate planning is often misunderstood by Nevada residents as to how the various roles assigned to individuals with differing responsibilities function. Kris Jenner, the Kardashian clan matriarch, illustrated this when she stated that Caitlyn Jenner was no longer the...

