Power of attorney and the possibility of coercion
Nevada residents who are creating an estate plan may also need a power of attorney. A power of attorney appoints an agent to manage the person's financial affairs if the person becomes incapacitated. The person creating the power of attorney is known as the principal....
Simplifying an executor’s job
When Nevada residents begin the estate planning process, they are often concerned with ensuring that their assets are fairly distributed to their children and loved ones. Another consideration, however, is less obvious, and that is how to make the executor's job...
Mistakes when drafting a will
Nevada residents are not required to have a licensed attorney draft their will. However, for people who choose to write their own, they should take care to avoid certain mistakes. When a will is drafted, it should include a family tree with the names of living and...
How to preserve powers of attorney
Las Vegas residents may benefit from having both medical and financial powers of attorney as part of their estate plan. These documents allow an individual to appoint someone to handle his or her affairs if that person cannot. However, changes to the law may result in...
About disability planning
When creating an estate plan, Nevada residents should include the possibility of having a disability. Planning for disability can limit confusion among family members and ensure that one's assets are protected while they are incapacitated.A financial power of attorney...
Why a will matters even for people without heirs
Single and childless people in Nevada might wonder what kind of an estate plan they need. In addition to deciding who to leave their assets to, they may also want to think about who will manage their health care and financial affairs if they become incapacitated. If a...
Letters of final wishes can comfort and help families
Nevada lawyers with experience in estate planning draft wills, trusts and powers of attorney for their clients, but there is one very important document that is not written by an attorney. Letters of final wishes have no legal standing and do not influence how assets...
Appointing care agents may be in your best interest
Throughout your life, you likely have become ill or injured multiple times. During these times, you probably had a family member or other loved one available to help take care of you. On the other hand, you may have provided the care for a sick or injured loved one....
The importance of living wills and powers of attorney
Both living wills and powers of attorney are vital documents for proper health care planning in Nevada. However, it is important to note that they have two distinct purposes as part of an estate plan. A living will is a document that spells out what should happen to...
Why married people should have powers of attorney
Married Nevada residents sometimes think that they do not need to worry about having powers of attorney in place since their spouses can step in to make the important decisions for them if they become incapacitated. However, there are important reasons for them to...