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You may be one of many people in Nevada who have never executed an estate plan. However, did you know this does not mean you don't have one? In fact, whether you have personally designed your own plan or not, there are default estate rules that activate at the time of...
In this digital age, cybersecurity is of paramount importance for many Nevada residents. Simple passwords are the primary means most people keep their various online accounts secure. While it is important to keep all passwords and PIN numbers secure, it is equally...
Both living wills and powers of attorney are vital documents for proper health care planning in Nevada. However, it is important to note that they have two distinct purposes as part of an estate plan. A living will is a document that spells out what should happen to...
While many people aim to emulate celebrities, one thing that they may not want to copy are the estate planning errors of Prince and Whitney Houston. Both of them had large fortunes that may not have been distributed according to their wishes due to a failure to plan...
Many Nevada residents have several children, and determining how to divide assets among the heirs in a manner that will be perceived as fair is important. When adult children feel that their parents' estates were divided unfairly, they may feel resentment towards the...
Some Nevada residents may face the challenge of trying to create an estate plan with a reluctant spouse. While nagging rarely works, it may be possible to persuade the spouse to participate in estate planning, and in the meantime, there are steps people can take on...
Probate can be a lengthy and expensive legal process that can make heirs wait up to years to receive ownership of assets that were bequeathed to them. Individuals in Nevada can take certain steps avoid probate so that their beneficiaries will not have to endure the...
People in Nevada might want to consider creating an ethical will as part of their estate planning. Although it is not a legally binding document, it acts as a sort of adjunct to the financial part of an estate plan. The purpose of an ethical will is for people to pass...
Up-to-date estate planning may be particularly important for people in Nevada with blended families. The first step is to update beneficiary designations. These should be reviewed regularly because they override what is written in a will. Therefore, if a person's...
After the death of a loved one, it is possible that his or her estate will go through the probate process. Probate establishes the validity of a will, identifies the assets included as part of the estate, appraises the value of the property and pays outstanding debts....
