Estate Planning

President Obama issued a proposal at the 2015 State of the Union Address that would have closed loopholes available to those with assets in a trust. Currently, if assets are passed on to heirs, the heirs get what is called a step-up in basis. In other words, their...

Nevada residents considering planning their estate as tax season is in full swing may be interested to hear that the IRS somewhat recently formally announced the gift and estate tax exemptions for 2015. Taxpayers will not need to file any paperwork with the government...

It is estimated that on a national level, baby boomers could inherit in excess of $30 trillion from parents in coming decades. Nevada residents who have children in this group may find that guidance is important for creating an estate plan. A sound strategy could be...

The creation of a trust can be beneficial in estate planning for persons in all walks of life. While many consider a trust to be a tool reserved for people with very large estates, the truth is that a trust may also be a good choice for people with more moderate...

Digital assets are one of the most overlooked when Nevada residents think about estate planning. Many people may not realize how much money they actually have invested in their iTunes, Amazon or other online accounts. Without proper planning, these assets can be lost...

Many couples in Nevada choose to live together without getting married, making for a situation that can lead to a spectrum of interesting financial and tax issues begging consideration. While there may be some advantages to remaining unmarried, including possible...

While it is true that creating a will is a basic part of estate planning, it is important to note that a will is not all there is to the process. A will determines who will get what property after the owner passes on as well as determining who will be in charge of...

Celebrities can provide great examples of what Nevada residents should be aware of during the estate planning process. In the case of Robin Williams, a co-trustee of a trust set up for his children was forced to make details of his estate public when petitioning the...

There are several forms that individuals should consider completing regarding health care when planning for end-of-life care. A Durable Powers of Attorney for Health Care Decisions can be filed with the state Lockbox. That document allows you to identify someone who...

Some Nevada residents who are planning to create an estate plan may want to consult with our attorney about drafting a will. Although many people do not like thinking about what will happen after their death, individuals who establish wills and trusts during their...