Complications arising from John Singleton’s outdated will
Some Nevada fans of director John Singleton may be aware that after his sudden death in April 2019 from a stroke, his family discovered that his estate plan was out of date. Singleton wrote a will in 1993 when he had one daughter. He never updated it, and he since had...
E-wills offer convenience but may have risks
Many Nevada residents understand the importance of preparing a will. Thanks to the Uniform Electronic Wills Act, residents of this state can execute a will electronically. Some analysts predict that other states will adopt the same legislation in the future....
Using an estate account during probate
The executor of an estate holds a great deal of responsibility. If you hold this position, you will likely have to field questions from beneficiaries and other individuals associated with the estate who want information about how probate is going. You will also need...
What to consider when choosing an estate representative
A Nevada resident with assets may need to appoint someone to oversee their estate plan after they pass. This person is referred to as the executor, and they could have a variety of different responsibilities. For instance, the executor might be required to probate a...
What to know about being an executor
Some Nevada residents may be asked to serve as the executor of their loved one's estate. While the job may seem to be relatively straightforward, it can be more complicated than it appears to be. An executor has many responsibilities such as collecting assets, filing...
Determining if a living will is needed in an estate plan
Having a comprehensive estate plan is a critical step for Nevada residents. Estate planning is a vital part of ensuring that a person's assets are allocated appropriately and loved ones are taken care of. However, there are often questions about what kind of estate...
Creditors claims, tax issues may affect Epstein estate
Many people in Nevada may be aware of the Jeffrey Epstein case, in which the wealthy financier committed suicide in a New York jail where he was facing trial on sex trafficking charges. Epstein prepared a will and a trust two days before his August 10 death, but there...
Becoming an estate administrator when there is no will
One function of a will is to appoint someone to be executor of the estate. If a person dies without a will, which is known as dying "intestate," someone still needs to be appointed to administer the estate. While Nevada may have specific laws about classes of people...
Handling an estate after one spouse dies
One Forbes article from August shares advice from a tax lawyer about estate planning and what happens when a spouse passes away. Nevada residents might want more information about this topic.To cover basic expenses and funeral costs when a spouse passes away, it is a...
Dispute over late performer’s estate continues among her heirs
When Nevadans lose a loved one, it is difficult in an emotional and personal way. This can be made more complicated if there are disputes among loved ones as to how the assets will be distributed. Even those who have done due diligence with comprehensive estate...