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...
How to avoid probate court in Nevada
Probate court is often necessary when someone dies with substantial personal property or many debts in their name. The states worth thousands of dollars or containing real estate typically require oversight by the probate courts. The threshold for probate requirements...
Be careful when choosing the executor of your will
An executor plays a crucial part in the probate process. They are responsible for managing the estate before distribution to the beneficiaries. Some of their duties include consolidating assets, paying debts and taking care of the estate at large. Therefore, the...
Should I involve my family in estate planning?
You’re getting older, and one of the things you want to do is make sure you have a good estate plan in place. You want to be sure that the people you assign as your powers of attorney or executor are able to take on the roles and carry them out successfully. You also...
Is it time to update your will?
Estate planning can feel daunting but once individuals have addressed the matter, they tend to feel much better. Nonetheless, estate planning is not a one-and-done event, because life is constantly changing and evolving. A sound estate plan needs to reflect these...
Will your assets be subject to estate taxes after you die?
You pay tax on your income as you earn it and on your property as you acquire it. You may even have to pay taxes on the value of your assets when you file your income tax return every year. The idea that there could be yet another tax that applies to that property...
Am I too young to make an estate plan?
As you look at your belongings and assets, your family and other aspects of your life, you may ask yourself if you’re too young to put together an estate plan. Whether you’re 18 or 81, it makes sense for you to have an estate plan in place to protect you, your assets,...
3 estate planning myths it’s time to debunk
Estate planning is something that some people try to avoid. After all, it can be upsetting to think about serious injuries or death. It is important for you to consider creating an estate plan, though. Even if you think one is unnecessary, you may be surprised to find...
What estate planning can do for your young children
You’re a young couple who’ve spent the last few years building a life together. Factored into this are your young children, who are now your top priority. You may have given little thought to estate planning. While you’re young and healthy, why would you think about...
5 key parts of an effective estate plan
Creating an estate plan gives you control over your legacy when you die. You can provide for those who depend on you, control what happens to your property and even make gifts to charitable causes. Your estate plan can also help if you experience a medical emergency,...