Assets with beneficiaries bypass probate
The probate process can take a long time and may get complex. When doing their estate planning, some people make it their goal to avoid this. One way to do it is by using beneficiary designations. A beneficiary designation can be used on a retirement plan, a life...
If you get divorced, check your estate plan
Making an estate plan years in advance is a wise decision. However, it also means that life could change dramatically before you need to put that plan into action. When it does, you want to go over the plan again to ensure that it still aligns with your desires and...
What are the common responsibilities of an executor?
People are often intimidated by the legal process and avoid completing projects that are designed to benefit them. Developing a comprehensive estate plan falls into this category for many individuals. While this task might seem cumbersome, the more effort you put into...
Will your estate plan need to include a pour-over will?
When you created your trust, you likely transferred most of your assets to its ownership. This might have been a painstaking process, and whether on purpose or by mistake, you might have left property out of it. While it may not make sense to add these assets to your...
Can your leave your home in a 55+ community to your loved ones?
Many people choose to downsize to a smaller, easier-to-manage home once their children are grown and on their own. Residential areas known as 55+ communities have become very popular for those who haven’t yet reached the age where they need to be in assisted living...
Options exist for avoiding estate taxes
Accumulating a considerable amount of wealth over a lifetime can seem like a great accomplishment. You may have done your best to work hard, save, invest and take other measures that would allow you to live a more than comfortable lifestyle and have funds left over to...
Is probate necessary for your loved one’s estate?
When someone dies, many people think that the individual's estate must go through the probate process. However, that is not always the case. Ways exist for individuals to create their estate plans in a way that could allow them to avoid probate, but many...
Important tips for getting started on estate planning
Estate planning can cover a wide variety of topics. Though asset distribution after death is certainly something typically at the top of most Nevada residents' lists, it is not the only matter to consider. In fact, you may want to create a plan that addresses your...
Nevada estate planning: Which documents should you incorporate?
You might be one of many people in Nevada who prefers to avoid discussions about your own mortality. You'd rather focus on living your best life rather than talk about the inevitable fact that someday your life will end. While it's not your favorite topic, you may...
The DIY approach to estate planning is not the best option
Estate planning is a smart step for individuals of all income levels. Regardless of income, health status, age or marital status, you can benefit from having certain types of plans in place. You may assume that, since your estate plan shouldn't be too complicated or...

