The often-ignored risks of DIY estate planning
A surprising number of adults are attempting to create their own estate plans. Many are turning to how-to tutorials online which gives them a false sense of confidence about the end product that they’re seeking to craft. Unfortunately, the do-it-yourself (DIY)...
What are the differences between a living trust and a will?
Trusts and wills are two of the main documents that people use to leave assets to their heirs. With either one, you can determine how you are going to pass your wealth on to the next generation. However, along with the similarities come some very significant...
How do I appoint a guardian for my child?
As a parent, your primary responsibility is to secure your child’s health and well-being. And most parents take this responsibility very seriously. However, there is one aspect that most parents overlook: appointing a legal guardian for their child. Basically, a legal...
Who can witness your Nevada will?
A will allows you to specify how you would want your estate to be distributed when you die. And by taking the guesswork out of your wishes, you get to eliminate potential conflicts that might complicate the probate process. However, for your Nevada will to be legally...
A trust can be based on age
When many people create trusts, they are based on a specific type of use. For example, an educational trust can pay for someone’s college tuition. A special needs trust can help support an heir that has special needs without disqualifying them from the government...
5 common mistakes to avoid when making an estate plan
It’s ideal for you to create an estate plan so you can financially support your loved ones upon your passing. With that said, estate planning is something that requires great care. Unfortunately, some people make mistakes when establishing their estate plans. Below...
What can’t I include in my estate plan?
Your estate plan might consist solely of a will or may include numerous other documents including trusts and powers of attorney. Every individual's unique legacy wishes and personal circumstances will dictate the use of different documents for estate planning...
3 things to consider when making your advance directive
Many people have strong beliefs about health care choices. They know what they want and what they don’t want. It might be easy enough for you to relay those wishes now but you should consider what will happen if you become incapacitated and can’t speak up for...
Will your Nevada estate planning documents expire?
The estate planning documents that you draft will theoretically determine what happens to you if you have medical emergencies as you age and to your property when you die. Estate plans protect vulnerable family members from abandonment and your assets from creditor...
Choosing a guardian for your young children
Estate planning is often associated with distributing wealth after a person’s death. While this is a key part of the process, there are numerous other aspects. One thing that you can do as a parent is to nominate a guardian for your young children. This is an...