People generally like the homes in which they live. They love their children or other relatives and want them to enjoy houses and other properties after they are gone - but without paying a lot of inheritance tax and other costs of estate administration & probate....
Estate planning and subsequent marriages
Though we may not always wish to acknowledge it, divorces do occur. National Center for Health Statistics research suggests that about half of marriages have ended in divorce since the beginning of the millennium. And it's because the possibility of divorce does...
Sometimes the best laid plans to provide financial security for your children go awry. As parents in Clark County, you might want to accumulate money and property with the intention of leaving it in your wills for your children to enjoy. You might also want to take a...
The use of trusts for estate planning needs
The goals of a particular person will often guide one as to whether a trust should be established. Though there are a number of reasons for creation of a trust, asset protection and tax considerations are often of foremost importance.Trusts can be used for tax...
Properly executed wills and other legal estate documents might not always provide anticipated security, especially for a person who has an exorbitant amount of wealth. This has proven true regarding Clark County's namesake family. Estate administration & probate...
Garnished savings become court case for Las Vegas children
A recent Nevada Supreme Court case is helping Clark County residents become more aware of the need for financial planning. Trusts can be the asset protection tool that prevents children's earnings from garnishment to satisfy their parents' debts. It's likely more...
Communication can be a key part to estate planning
When it comes to estate planning or drawing up a will, one of the pillars of successfully organizing these things is to address the issue early and often. You want to bring in financial and legal advisors to adequately draw up documents and organize your estate; that...
Turmoil of two wills: deal will split heiress’s estate
What will sound like a bizarre set of circumstances regarding a wealthy heiress's estate is actually a more common situation than you may think. The following story has a happy outcome; but confusion over a woman's $300 million estate that reigned for years, and it...
Addressing online assets is crucial to estate planning process
When Clark County residents set some time aside to address their estate, one of the last things on their mind will be their Twitter account or their Facebook login. Many people may not even consider these things "assets" -- but they are, and if you do not properly...