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In Nevada, most married couples know the importance of estate planning. But singles often get left out of discussions on this topic. But singles should, perhaps more than married individuals, consider what will happen to their estates in the event of their...
Nevada residents have many different types of estate planning tools at their disposal. One of these is a spendthrift trust. Essentially, this type of trust is ideal for those who have a beneficiary who cannot control their spending habits.Under Nevada law, a...
As people age, they tend to lose some of their cognitive function. Maybe their memory slips, or perhaps they find they cannot make financial and legal decisions for themselves. As such, it may be wise to grant a loved one or trusted advisor the power of...
We recently published a post about who inherits credit card debt when the cardholder dies. But other types of debt may be an issue as well. One primary concern is who will pay for a loved one’s health care expenses after death if insurance, Medicaid or some other type...
Computers are a necessity in our modern age. With so many vital documents being digital, the question of an electronic will is one often asked by Nevada residents. Are such documents valid and legally binding? The answer is yes, as long as they meet certain...
You may already know about the advantages of a trust when it comes to avoiding probate, minimizing estate taxes and more. But if you are a new trustee, or are working with one, you may discover that there are many things that you did not know: such as, how do you...
To be legally effective, a power of attorney must adhere to specific guidelines and requirements as set forth under Nevada law, which we have addressed in earlier posts. As important to remember is that once a power of attorney is established, it must still follow...
When you are writing your living trust, it is vital to name someone who will make important health care decisions on your behalf, should you become incapacitated. This is called granting durable power of attorney for your healthcare. Being incapacitated is generally...
Blues legend B.B. King was barely laid to rest before rumors of mismanaged money and even murder began to circulate in Nevada courts. The court proceedings involve issues including King’s net worth, his family’s challenge of the executor named in his will,...
Trusts are an important part of estate planning. In addition to or instead of a will, they can make sure your heirs receive the right assets you plan on leaving them. There are many kinds of trusts, and each one acts differently.The first two are revocable and...
