Residents of Clark, Nevada, who don't have assets totaling over $5.25 million -- or $10.5 million for a couple -- may not see any benefits in including trusts in estate planning. Federal estate taxes kick in after those amounts, and trusts protect assets from taxes....
Nevada residents of any income level or situation should consider future financial status. For elderly residents, financial considerations may be divided between handling current needs and assuring legacies are secured for heirs through estate administration....
Estate planning is not a one-and-done legal task for Nevada residents, and the earlier in life you create a will or other estate-related document, the more times throughout the years you should review it. Always review wills when major financial or life changes occur,...
A trust may be the best option in estate planning
The decision as to whether a trust is the appropriate move in an individual's estate planning process is an entirely personal one. Each Nevada resident makes this decision either actively or passively, depending upon his or her actions. There are a number of reasons...
Estate planning doesn't just lay out how your assets are passed to loved ones after you pass away. It also lays out important information about end of life wishes, including future health care and whom you wish to be your power of attorney. One important aspect of...
Living trust can assist with estate planning
Many individuals throughout Nevada are conscientious about planning for tomorrow. They often plan what they will wear, what they will eat and even where they will go on vacation. For many, however, not so much thought is put into planning for what will happen if they...
A will is a simple form of estate planning
Every day in Nevada, people are born and people die. While those just born most likely do not have assets to call their own, almost every individual who dies will leave behind something that he or she owned. Then the decision as to who should have ownership of these...
Estate planning protects assets and relationships
Over the years, family relationships have changed. The traditional two parent household with two children has shifted in a variety of ways. Today's family often consists of a parent, step-parent, his kids and her kids. Additionally, at times, this relationship is...
There is an ever-growing set of circumstances in Nevada affecting families in all walks of life. Referred to as the baby boomers, a group of middle-aged adults is finding itself raising children and caring for aging parents simultaneously. Aside from the emotional...
Residents who are new to the Clark, Nevada, area likely have a lot on their plates, especially if they are moving to Nevada from another state. Finding a new home, moving personal belongings, getting started with new jobs or schools and making new friends are just...