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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...
When Nevada residents create a trust, one or more individuals will be appointed to have some fiduciary responsibility. It is important for a person who has been appointed a trustee or who has other fiduciary duties connected with an estate to fully understand those...
The types of assets a person owns can impact how his or her estate closes after death. The manner in which you plan for your family to address these assets can also impact the settling of your estate. If you hope to ensure that your estate administration goes smoothly...
Nevada residents who prepare a living trust in most cases name themselves as the trustee. In many cases, spouses are both named as trustees. However, it is possible that each spouse may pass away sooner than expected. To account for this, a successor trustee is...
According to a National Pet Owners Survey, 85 million Americans own a pet. For many in Nevada and throughout the country, they are treated like a part of the family. To make sure that a pet is cared for if its owner dies, it may be possible to establish a pet trust....
It may be particularly important for women in Nevada to ensure that their estate plan is in order since women often live longer than men and may outlive their husbands. Women should make sure that there is adequate life insurance for them to cover expenses if their...
When Nevada families want to invest in the education of their next generation, trusts could provide flexibility and tax savings. Trusts allow people to set up their own investment plan instead of being limited to the investments allowed through a 529 education savings...
You have likely reached a point in your life where you are able to help your loved ones financially. It may give you great satisfaction to slip some spending money to your grandchildren or take your adult children out for a nice dinner with their families. Perhaps you...
People in Nevada who are creating an estate plan may wonder whether they can simply use a do-it-yourself will. However, there are a number of potential disadvantages to this approach.One downside is that a do-it-yourself estate plan might be more likely to contain...
One important detail people in Nevada may leave out of their estate plan is their preferences regarding their final arrangements. While wills were commonly used in the past to detail one's final arrangements, that is no longer the case. Typically, some time will pass...
