The thrill is gone as King estate disputes begin in Nevada courts
Blues legend B.B. King was barely laid to rest before rumors of mismanaged money and even murder began to circulate in Nevada courts. The court proceedings involve issues including King’s net worth, his family’s challenge of the executor named in his will,...
Estate planning myths debunked
For one reason or another, many people avoid any kind of estate planning. Some think it’s too difficult; others think it is not right for them. These beliefs often step from common myths that have surrounded estate planning for many years. It is important to...
We help you to avoid the one-size-fits-all estate protection
There are countless websites promoting the use of prepackaged kits for creating your own will. Do-it-yourself software is available that promises you estate protection by walking you through the steps of preparing wills. What prepackaged kits and do-it-yourself...
The importance of hiring an attorney to help plan your estate
Many people in Nevada are under the false impression that do-it-yourself estate planning kits cost less than working with an attorney. Not only can the prices of these kits be more expensive or comparable to an attorney's fees, creating estate planning documents on...
Understanding the need to update an estate plan
Las Vegas residents who have not updated their estate plan may wish to know why their plan may have issues now. Due to changes in the law, lacking a current estate plan could lead to higher estate taxes and other legal issues. In the time that passes since creating an...
The importance of drafting an estate plan
Most Nevada residents who are preparing to retire or have already retired know just how important it is to plan for the future. Many residents, however, often neglect to create an estate plan. An estate plan assists surviving family members with their wishes regarding...
Thinking beyond usual Nevada estate planning options
As estate tax cutoffs continue to climb, estate planning is no longer as beholden to potential tax liabilities as it once was. For Nevadans, this affords more options concerning how and where estate funds may be distributed. This, in turn, permits those entering...
The basics of using a will in Nevada estate planning
When an individual passes away, he or she may have created a will that determines where his or her assets go after death. In the event that an individual dies without creating a will, state law determines who gets some or all assets remaining in that person's estate....
Gift tax considerations and estate planning trusts
In a decision released on Feb. 13, the Internal Revenue Service set standards regarding issues about the gift tax, clarifying whether contributions to a trust are completed gifts. The letter also discussed whether the fair market value of property held in trust was...
Life insurance trusts and estate planning in Nevada
One of the most common assets that an individual will hold is a life insurance policy. However, they can be problematic when it comes to estate planning. One way to get around these issues is to create an irrevocable life insurance trust. What the trust will do is...