You must be at least 18 years old to create a valid will in Nevada. Additionally, you must be of sound mind and fully aware of the consequences of your decisions. If someone doubts your mental condition at the time you created your will, they may be able to raise a...
When planning your estate, you should make sure that it addresses your digital assets, including online accounts, digital files and social media profiles. A comprehensive digital estate plan helps ensure that these assets are handled as per your wishes and simplifies...
A partnership is one of several legal structures you can opt for as a business owner. Rather than facing all of the financial and legal burdens of the company on your own, you can share them. You can also share ideas and the responsibility of day-to-day tasks. ...
An executor or personal representative handles probate proceedings. They secure the assets that belong to the deceased party, initiate probate proceedings in court and share information with interested parties. They also carry out the decedent's last wishes and...
Inheriting from a stepparent can be a complex concern, especially if the estate plan of a stepparent and/or state laws are not clear on the matter. In Nevada, stepchildren's inheritance rights are generally not automatic and depend largely on any efforts that a...
When you write an estate plan, you may consider using a no-contest clause. As the name implies, this means that no one can contest that estate plan. The goal is to prevent disputes. You do not want one sibling contesting the plan and getting into a long-term legal...
Creating an estate plan can be daunting, particularly when it involves drafting a last will and testament. A will outlines the wishes of an individual regarding how the distribution of their property and assets should be after their demise. In Nevada, testators must...
An estate plan outlines the desired allocation of your assets among your beneficiaries if you become disabled or pass away. It entails appointing a trustworthy individual who will make financial and medical decisions on your behalf if you cannot do so. It is crucial...
Estate planning is a very personal process. People think about their values and their close relationships. They leave resources to support vulnerable loved ones, contribute toward charitable causes or enhance the lives of specific family members. If the person...
When someone wants to challenge a will or an estate plan, they need to provide a reason for that challenge. Only certain people are allowed to challenge, and this usually includes beneficiaries or direct descendants. But even these individuals need to demonstrate a...