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Estate Planning
Creating an estate plan is an important step in any adult Nevada resident’s life. You may have considered planning before but put it off for whatever reason, but more recently, you have been thinking about the need to create a plan more often. You may be advancing in age and want to have your affairs...
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You never know whether you will end up injured in an accident or suffer from an illness at some point in the future that could make it impossible for you to make decisions regarding your care and your finances on your own. If you do nothing to prepare for this possibility, your family will need...
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Nevada residents may worry about the impact of taxes when it comes time to create their estate plan. However, this may not be the only thing that they should be thinking about when writing their will or creating a trust. Therefore, the fact that President Trump wants to do away with the federal estate tax...
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Nevada residents who have older parents may want to start thinking about how to help them manage their finances. Ideally, a conversation about this topic will be held sooner rather than later. This may make it easier to understand a mother or father’s financial goals or how their health care needs may impact their financial...
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When sitting down to sort out your family finances, it’s tempting to just focus on there here and now. One thing we often forget to prepare for is the struggle that comes when you or a loved one dies. You can never be truly prepared for death, but the process is made more difficult for...
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Many people in Nevada and other states draft wills and create various estate planning tools before they become senior citizens in order to prepare for worst-case scenarios and emergency situations. This is a smart move, but it may not be enough when unexpected events occur. An individual should add certain clauses to his or her...
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There are some common errors that people make with their estate plans. Even wealthy celebrities make mistakes with estate planning, and some of their stories offer good lessons about what Nevada residents should avoid doing. Some testators make mistakes when they are preparing their wills. Florence Griffith Joyner had a will, but she failed to...
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When Nevada residents are thinking about the estate planning process, they may want to create documents that can deal with their financial assets and who they should be distributed to. Some people also want to pass on their values to benefit future generations of their family as well. There are documents for each of these...
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Nevada residents may be interested in reading about a survey that showed that more than 50 percent of Americans who have reached the age of majority do not have a will. While many people think the topic is depressing, end-of-life planning can financially assist an individual’s loved ones and could help them avoid emotional stress...
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