Tips for preventing exploitation of older adults
Some older people in Nevada may be at risk of fraud and exploitation. Among people between the ages of 70 and 74, around 12 percent experience mild cognitive impairment. Almost two-thirds of people older than 84 suffer from MCI, and this could make them more...
Important steps for powers of attorney
Careful estate planning is a necessary part of how Nevada residents can make sure their interests are protected. They should take steps now to make plans for unexpected situations in which they may not be able to make important decisions on their own. Having legal...
Estate planning in case of becoming incapacitated
Some people in Nevada may think of estate planning as only involving how they will transfer assets to beneficiaries. While this is an important aspect of it, it also is important that a person arranges to be cared for in the case of incapacity. This involves both...
Why a married person may need powers of attorney
A power of attorney makes it possible for a person to have his or her wishes met while incapacitated. Nevada residents who create a power of attorney will draft such documents while they are still of sound mind. If a person is married, a spouse generally has the...
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....
The advantages of a power of attorney
One aspect of an estate plan for Nevada residents may be a power of attorney. A power of attorney appoints someone to act on the principal's behalf. It may be durable or nondurable, and the former may be a better choice than the latter. The reason for this is that the...
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...
How to choose a beneficiary
Nevada residents who have created an estate plan may not have taken beneficiary designations into account. These forms may have been filled out along with a lot of employment paperwork, and people could forget about it. Therefore, beneficiary designations may need...
The power of attorney and other estate planning considerations
Some Nevada residents may wonder whether they need to include a power of attorney in their estate plan. An estate plan is important for everyone, but in particular, people who do not have children or a spouse may need to take certain steps to ensure that their wishes...
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...