Roth IRAs and probate
When you compose a will, it will typically go through the Nevada probate process. This allows for the document to be verified, debts to be paid off and assets to be distributed correctly. While this may seem like an essential process, it can often cause your will to...
Who inherits credit card debt when the cardholder dies?
When a loved one passes on, the last thing you want to think about is dealing with their credit card debt. Yet, creditors are usually not going to wait for too long before trying to collect their owed interest. Though this usually goes smoothly, it can become...
What are digital assets and why are they important to my heirs?
So you are filling out a questionnaire to start thinking about your estate plan and you see a question asking you to list your "digital assets." What are those? I have a digital clock and my computer has digital data. Is that what it means? The latter is closer...
Understanding what happens to a person’s debts when they die
Nevada residents with an interest in the estate planning process may wish to know more information about what happens to a person's debts when they pass away. Depending on the type of debt and who is involved, the answer may be complicated. When a person dies with...
Billionaire faces a court battle over mental competency
Nevada residents who are interested in the estate planning process may wish to know about one billionaire's legal battle to prove he is mentally competent. Given the circumstances, this kind of situation is relatively common in mixed families. Tom Benson, the...
The role of probate in estate administration
Nevada residents who are estate planning may wonder whether a will is the best choice. They might have heard that probate can be expensive and time-consuming. The probate process refers to the legal recognition of the will and the appointment of an administrator for...
The role of the public administrator in Nevada
If there are no known heirs to an estate, or if there is no executor to an estate, a public administrator may be called in to protect it. In some cases, a public administrator might be named in a will to be the executor of an estate, or a judge might appoint one to be...
Facebook introduces new option for profiles after death
Many Nevada residents neglect to consider their digital assets like their social media profiles when they begin planning their estates. However, it may now be easier for Facebook users to dictate what will happen to their profiles in the event of their deaths with the...
Family disputes are common even with estate plans
Disputes over the items a family member has in their estate when they die are common among Las Vegas families whether the deceased person had millions of dollars or died virtually penniless. Wills and trusts are effective ways to reduce the amount of discord after...
Avoiding probate when transferring real estate
Individuals in Nevada who are planning for the ultimate distribution of their estates and whose only significant asset is real property may be able to avoid probate altogether by using some other methods of transferring property in place of a will. Probate can be...

