Cassady Law Offices, P.C. - Las Vegas Estate Planning Attorney
Call for a free consultation
702-706-1083

Posts tagged "Wills"

Why estate planning matters

Despite the importance of creating an estate plan, it is something that many people in Nevada and elsewhere put off for as long as possible. An estate plan can provide instructions for how a person's assets should be distributed after he or she passes. It can also provide instructions related to the management of a person's finances or medical care. A comprehensive plan may allow surviving family members to avoid going through the probate process or paying a large estate tax bill.

The potential pitfalls of a template estate plan

Nevada residents and others who are creating an estate plan are encouraged to do so with the help of an estate planning professional. Using template forms when making a will can lead to a variety of unintended consequences. For instance, a template might not contain a residuary clause that would allow all of a person's assets to be distributed according to the document's instructions. Without such a clause, it is likely that only assets listed on the will are transferred to a beneficiary.

How celebrity deaths show the importance of estate planning

People often procrastinate about estate planning. It can be difficult to think about death although it may become more prominent in people's minds after the death of a celebrity. For example, Nevada fans of basketball star Kobe Bryant might have thought about what would happen to their own families if they were killed in a sudden accident as Bryant was.

Reading of wills no longer required by states

Nevada residents who have had a loved one recently pass away may be interested to know if they were named in the will. A will is a legal document that allows a person to determine what happens to their estate after they pass away. Wills typically name the beneficiaries and the amount of the estate that they'll receive after the testator's death.

Understanding when and how to move forward with a will contest

Estate plans can be complicated for Nevada residents. After losing a loved one, it can be a surprise for a person to discover that he or she has been excluded from the will. Regardless of why this might have occurred, it is important to keep assumptions at bay and consider how to address the issue. Many strategies have time limitations, so it is wise to act quickly.

Planning for incapacity as part of an estate plan

Some people in Nevada who have created a will or a trust may feel that they have completed all the necessary estate planning documents. However, they may not have prepared documents that deal with becoming incapacitated. A health care directive, also known as a durable health care powers of attorney, a medical directive or a living will, is an important part of this planning, and most Americans do not have one.

Tips to help Nevada residents with estate planning

Typically, when a person dies, a portion of that individual's estate goes to a spouse or child. However, not everyone wants to leave assets to their family members when they pass on. If a person specifically disinherits a child in a will, that son or daughter is entitled to nothing. If a child is to be disinherited, it is important that a child be specifically written out of the will regardless of the quality of the relationship between the potential beneficiary and the deceased parent.

What people should know about family members contesting a will

Nevada residents who have been left out of a family member's will and those making their will may be interested to learn whether a family member can contest a will if they are not included in it. The basic answer is yes. It is possible for a family member to contest the validity of a will.

Points to keep in mind when preparing a will

No one likes thinking about dying, but it is a part of life. If a person, especially a parent, fails to prepare a will, they can put their loved ones in a bind. Here are a few things that Nevada residents should keep in mind as they go about estate planning and prepare their wills.

Email Our Team

More Questions? We Have Answers.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Las Vegas Office
10799 West Twain Avenue
Las Vegas, NV 89135

Toll Free: 800-557-6423
Phone: 702-706-1083
Fax: 702-650-5561
Las Vegas Law Office Map

Henderson Office
2425 W. Horizon Ridge Pkwy.
Henderson, NV 89052

Toll Free: 800-557-6423
Phone: 702-706-1083
Map & Directions