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Young Nevada residents often overlook the importance of estate planning when addressing their financial affairs. However, it is an important key to protecting earnings, savings and other financial assets.In the event of death, the court system executes the...
Nevada residents who are working on their estate plans may wonder what kind of conditions they can put on an inheritance. For example, they may wish to pass assets to a beneficiary who is married to someone they dislike, and they may not want that spouse to have...
Individuals in Nevada who are working on an estate plan may be wondering how to protect their assets from taxes. Even the beneficiaries of those whose estates fall well under the federal exemption limit of $5.43 million may face taxes on assets like second homes and...
Nevada residents should avoid the errors made by the late actor James Gandolfini when it comes to estate planning. When Gandolfini died unexpectedly in 2013, his $70 million estate was vulnerable to estate tax. An irrevocable charitable trust is one way of protecting...
Nevada residents may have read about the Austrian woman who reportedly destroyed her fortune to prevent her heirs from getting anything when she died. The woman reportedly shredded approximately $1 million worth of Euros and left the pieces all over her nursing home...
Some Nevada residents may worry that their estate plans won't turn out as desired in spite of careful work to detail their wishes in a living trust or last will and testament. However, constructive trusts can be used to address a number of situations involving the...
Estate planning is often misunderstood by Nevada residents as to how the various roles assigned to individuals with differing responsibilities function. Kris Jenner, the Kardashian clan matriarch, illustrated this when she stated that Caitlyn Jenner was no longer the...
Although it doesn't occur frequently, sometimes Nevada courts will have to determine the validity of a will that has been executed in a foreign country. When a foreign will is written after a will was executed in Nevada, the question remains how the court will treat...
When people remarry, their estate planning may be more complicated. People often have to take into account children from their prior marriages as well as the potential for children from their second marriages when planning their estates. Before getting married, people...
In addition to the federal government, many states impose taxes on the estates of wealthy people following their death. However, there are ways to get around these estate and inheritance taxes. One possible way is to relocate to a state like Nevada that has no such...
