Millennials largely don’t have wills yet
A recent survey published by Caring.com says 78 percent of Millennials don't have wills. Talking about death can make people uncomfortable, but people in Nevada who die without a will can cause problems for their loved ones. A simple will sets forth how a person,...
Famed singer Aretha Franklin dies without a will
Iconic singer Aretha Franklin was beloved by audiences in Las Vegas and around the world for her powerful voice and songs. However, when she passed away in August of advanced pancreatic cancer at the age of 76, she reportedly did not have a will or trust in place. As...
Your parent died without a will. What happens now?
Did you know that more people across the country don't have a will than do? Many of those people without a will live here in Las Vegas. If you recently lost a parent, it's possible that he or she failed to execute a will and died "intestate," which means without a...
Revoking or changing a will
State laws vary regarding how wills should be changed or revoked. In Nevada, however, a will can be changed by a formal legal codicil or revoked by physical destruction. There are a number of different circumstances that may lead a person to change or revoke a will....
Reasons to have a pour-over will
Some Nevada residents who are creating an estate plan might also want to consider a pour-over will. A pour-over will is used in conjunction with a trust and ensures that any assets not specifically placed in the trust will be added to it when the owner dies. In...
Be careful! Not everything you own should go into your will
You may have heard that you need a will. Without this document, the state of Nevada could decide who inherits your property after your death. This is true, but it also implies that you should make provisions for the distribution of everything you own in your last will...
Establishing Security By Creating A Will
Parents in Nevada and elsewhere can take steps to protect their children by creating a last will and testament before they die. It's not a task that is pleasant, but it allows people to make decisions regarding their finances and property as well as how any younger...
Living wills make wishes known in case of incapacity
The decision to write a will introduces people in Nevada to a host of other estate planning decisions. A living will and power of attorney represent two of the most important documents that supplement a person's final arrangements. These instructions offer clear...
Why wills are important for everyone
Nevada residents of all levels of income may benefit from estate planning. While some people may think that they do not have enough assets or money to justify creating a will, they are mistaken. The courts will divide the assets of people who die without wills...
Remarriage threatens estate planning
When a person decides to get remarried in Nevada, they seldom consider the potential effect that this decision can have on their estate plan. However, it is not uncommon for heirs and new spouses to be at odds when it comes time to read the will. Family members may be...