One of the reasons you’re developing an estate plan is likely to save your loved ones from having to go through a lengthy probate process to settle your estate. Avoiding probate can save time, money and stress. It can also help keep your estate private. If you’re like...
Year: 2022
Working out an estate dispute with your siblings
When a parent passes away and leaves assets to you or your siblings, you probably assume that you’ll all take what you receive gratefully. Unfortunately, when what’s passed on isn’t equal, there is always a risk that someone will be upset by what they’ve received and...
What happens when someone dies without a will?
When you die intestate (without a will), there may be confusion regarding the division of your estate. It can set off conflict, especially where there are disagreements among the beneficiaries. Fortunately, there are laws that address such situations where someone...
Is it time to update your estate plan?
Life is constantly changing. The plans you made several years ago may need to be changed to reflect your current situation. The same can be said for estate planning. The will you wrote in 2015 should definitely be reviewed and updated as your circumstances change...
Are you considering a business merger?
You started out with a small business and it has continued to grow over the years. You’re now in a position where you’re looking to expand further. There are many options to choose from, but a merger has been at the top of your list for some time. Before committing to...
Why you should add a revocable trust to your estate plan
When you start making your estate plan, a go-to document is a will. While this is a great start, it’s not the only legal document that your estate plan should include. Remember, the process to execute a will takes some time and those who are set to receive assets...
How do you fund a trust as part of your Nevada estate plan?
When someone adds a trust to their estate, they may have a specific estate planning goal in mind. They may want to protect certain property from a creditor's claims or prevent their loved ones from misusing an inheritance. They may even make to pave the way for an...
How to handle personal debts during estate administration
As the executor or personal representative of an estate, you have a lot of responsibility. You also have a little bit of risk. If you make mistakes in your management of estate property, creditors might actually bring a claim against you personally. Those handling an...
Tips to reduce the possibility of your family fighting over your estate
As a responsible adult, you want to ensure your family is provided for when you pass away. If you have accumulated wealth and assets through the years, it’s necessary to make sure as much of this as possible gets to those that you love. Unfortunately, sometimes the...
Does your estate plan need a letter of instruction?
To most people, estate planning is merely the act of writing a will and perhaps creating a trust for their heirs or beneficiaries. A simple estate plan like this might be all you need to convey your intentions. It all depends on your unique circumstances. Did you know...