How can an executor protect a deceased loved one’s assets?
Acting as an estate executor is an immense responsibility. While a loved one may ask you to take on this role in hopes that you will feel honored and trusted, you could find yourself feeling overwhelmed and stressed when the time comes to carry out the necessary...
Dealing with debt as an estate executor
You may have felt honored and flattered when a loved one asked you to be the executor of his or her estate. Perhaps you had visions of being the person who delights the beneficiaries of the deceased by announcing what each would inherit. Since your loved one has...
Tips for updating an estate plan
The tax law passed by Congress in December might be a good opportunity for Nevada residents to review their estate plans. The increase in the estate tax exemption may affect couples whose estates are worth up to $11.2 million. They might have designed their plan with...
Estate planning for art collectors
Some Nevada residents may collect art for many different reasons and may accumulate extensive collections. However, many of them may not properly address their collections in their estate plans. Not including provisions for a valuable art collection in an estate plan...
Probate assets could impact how you plan
As you consider moving forward with estate planning, you may find yourself in need of various information. You may have questions regarding certain types of planning tools, what information you can include in your plan and how the details of your estate could impact...
Is a joint tenancy with an heir a good idea to avoid probate?
In Nevada, some people want to avoid probate when they die so that their heirs do not have to go through a lengthy process in order to receive their assets from their estates. It is possible for people to avoid probate by titling their assets in joint tenancy with...
How long will probate take?
After the death of a loved one, you may feel like matters go very quickly. Before you know it, relatives arrive, you discuss arrangements, and suddenly you are sitting at a funeral service thinking that you were talking with your departed parent or grandparent just...
Using a TOD deed to avoid probate
Nevada residents who intend to have their assets given to their offspring upon death and who have listed them as the beneficiaries on their investments have taken the right steps. They may have also complete a will that leaves all of their assets to their children....
What actually happens during the probate process?
Issues pertaining to estate planning can be complex, especially if you are unfamiliar with the process and what to expect. The probate process can be relatively confusing, and you may unsure of how you can get the property that was left to you through the estate of a...
Executors may have unique tasks for wine collections
When an estate holder dies in Nevada, a number of different duties fall upon the estate executor. The executor must, for example, take all estate assets into possession, arrange for payment of taxes and debts and then oversee the distribution of property to heirs and...