Our Family Helps Protect Your Family’s Future And Legacy
Nevada residents with an interest in the estate planning process may wish to know more information about what happens to a person's debts when they pass away. Depending on the type of debt and who is involved, the answer may be complicated. When a person dies with...
Nevada residents may have wondered at what point in their lives they should write a will. Some might even believe they own too few assets for the document to be worth the effort. Statistics show approximately 70 percent of all adult Americans have neglected to draw up...
Nevada residents who are estate planning may wonder whether a will is the best choice. They might have heard that probate can be expensive and time-consuming. The probate process refers to the legal recognition of the will and the appointment of an administrator for...
When an individual passes away, he or she may have created a will that determines where his or her assets go after death. In the event that an individual dies without creating a will, state law determines who gets some or all assets remaining in that person's estate....
If there are no known heirs to an estate, or if there is no executor to an estate, a public administrator may be called in to protect it. In some cases, a public administrator might be named in a will to be the executor of an estate, or a judge might appoint one to be...
In a decision released on Feb. 13, the Internal Revenue Service set standards regarding issues about the gift tax, clarifying whether contributions to a trust are completed gifts. The letter also discussed whether the fair market value of property held in trust was...
People who have established a power of attorney or agents who have been granted powers to act under a power of attorney may have questions regarding when the power may terminate. Several circumstances can result in the termination of a previously granted power of...
Las Vegas residents with an interest in estate planning issues may be interested in an article detailing one method for updating a trust after it has become irrevocable. This method may have tax consequences, good or bad, so professional guidance should be sought....
One of the most common assets that an individual will hold is a life insurance policy. However, they can be problematic when it comes to estate planning. One way to get around these issues is to create an irrevocable life insurance trust. What the trust will do is...
Disputes over the items a family member has in their estate when they die are common among Las Vegas families whether the deceased person had millions of dollars or died virtually penniless. Wills and trusts are effective ways to reduce the amount of discord after...
