If you ask people why they haven’t written a will, one thing that they often say is that they don’t think they need it at their age. Generally, these people are relatively young, and they assume that estate planning is something they’ll do in 20 or 30 years. Most...
One potential reason for estate litigation is undue influence. This happens when someone coerces or manipulates another person to change their will. Other beneficiaries may then challenge the will during the probate process if they believe undue influence occurred. So...
Estate administration involves many responsibilities for a personal representative. They have to locate the will and submit it to the courts. They have to physically secure valuable assets and create an inventory of property. They need to communicate with...
Last year, Nevada’s reputation as a good place to set up a family trust made worldwide headlines. That’s because media scion Rupert Murdoch and his oldest son Lachlan sought a modification of the Murdoch Family Trust held in Nevada. This irrevocable asset-protection...
The probate process can be overwhelming, especially during an emotionally challenging time. Families often have questions about what the Nevada probate process involves and how it works. The answers to some of the most common concerns can help you navigate the process...
Creating an estate plan means that you have to do more than provide instructions about who gets which assets. Making plans for who will make decisions about your finances if you become incapacitated is another important task. A financial power of attorney is a tool...
There are many different estate planning tools to choose from and you might be wondering where to begin. With legal guidance to select and set up those that are most appropriate to the needs of you and your family, you can arrive at an estate plan that covers just...
Perhaps a grandparent has established a stronger connection with one grandchild than other family members. They may want to leave more resources to support that grandchild than the rest of their extended family after they die. Perhaps a parent has one child who...
Business owners have to consider the short-term and long-term needs of the company. One aspect of business ownership they may not have thought about yet is succession planning. Succession planning is a strategic plan that outlines how leadership and ownership of a...
Undue influence involves someone using their power or trust to manipulate another person's will decisions. It is a serious violation that can destroy a loved one's entire estate plan. If you suspect someone unduly influenced your family member's asset distribution...