Many Nevada residents have personal interest in organizations or charities in the area. Some people donate regularly throughout life to various groups and causes, so it's not surprising that individuals may want to continue their philanthropy even after death. When...
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A revocable living trust may be more beneficial than probate
As individuals begin to think about transferring assets upon death, many questions arise regarding the best way in which to do this. Many Nevada residents recognize the need to make these decisions; however, there is often confusion surrounding which way would be most...
Estate planning is crucial regardless of the size of the estate
The average American, and the average resident of Nevada, falls in what many consider to be the middle class. Many of these individuals often feel that because they do not have a large estate, estate planning is not really necessary. Regardless of the size of the...
There is no reason to be intimidated by the idea of planning for your financial future. The peace of mind you achieve by doing so is worth the time invested in estate planning, and using the right tools can increase the positive benefits of estate administration. In...
Trust planning can avoid problems in transferring assets
As a person ages, it is likely that he or she will begin to think about how they want their assets distributed upon their death. It is fairly safe to assume that the typical Nevada resident would prefer to decide who will receive a portion of their assets rather than...
Creating a will does not have to be a complicated process
Many Nevada adults may recognize the need for creating a will. In fact, this action is likely something that they plan to do, eventually. For some, though, the act of creating a will is admitting that they will not live indefinitely. While creating a will may appear...
Power of attorney: the benefits and ways to minimize risk
A good estate plan involves more consideration that simply drafting a will. There are a number of tools in the estate planning box, and it is important to understand the different benefits and implications of each. While not everyone will utilize every tool, a...
Major Nevada estate planning mistake easily avoided
Throughout one's lifetime, a variety of opportunities arise in which a beneficiary is named. Insurance policies, bank accounts and even retirement accounts all typically require beneficiary information. As a Nevada resident goes through the estate planning process,...
Many things need to be considered in setting up trusts. Of the many questions to be considered, one of the most difficult might be turning over money decisions to someone who doesn't have an emotional tie to the family. Nevada residents, however, have a lot of...
Have you checked on your beneficiary designations lately?
The image of a dusty will being pulled from a dresser drawer that had been its home for several decades might be good for a movie, but it isn’t good when it comes to actually probating that will. The truth is that the best estate plans are as organic as our...