Estate Planning

When people remarry, their estate planning may be more complicated. People often have to take into account children from their prior marriages as well as the potential for children from their second marriages when planning their estates. Before getting married, people...

In addition to the federal government, many states impose taxes on the estates of wealthy people following their death. However, there are ways to get around these estate and inheritance taxes. One possible way is to relocate to a state like Nevada that has no such...

Nevada residents who have substantial assets may want to think about how to best structure their estate planning to take advantage of gift and estate tax exemptions while making sure they retain enough wealth to care for themselves and their needs through a...

Many Nevada residents might think that estate planning is meant more for wealthy people, but it is an essential part of nearly every financial plan. It is a mistake, according to financial planning experts, to ignore the possibility of death at any age. One way to...

When parents die without a will in Nevada, there can be a lot of confusion about who should inherit their assets. If there is a large estate, the questions over where the money should go can cause rivalries to develop between siblings. Although some parents think that...

Trusts enable people in Nevada to control or protect assets during their lives and after their deaths, often for the benefit of heirs. These legal tools have been developed to support many financial situations. Three common forms of trusts are revocable, irrevocable...

The transition into a career or vocation can be exciting as independence and the ability to support oneself are realized. However, it's easy to focus on the perks of a professional life without giving much thought to future issues such as estate planning. Younger...

As the “most interesting man in the world” might say: “I don’t always think about estate planning, but when I do, I think that everything I have will go to my family”. And, just as not everyone agrees with his choice of beer, many people...

In Nevada, most married couples know the importance of estate planning. But singles often get left out of discussions on this topic. But singles should, perhaps more than married individuals, consider what will happen to their estates in the event of their...

We recently published a post about who inherits credit card debt when the cardholder dies. But other types of debt may be an issue as well. One primary concern is who will pay for a loved one’s health care expenses after death if insurance, Medicaid or some other type...