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...
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...
If you’re doing estate planning as a business owner, a major part of that plan may be business succession planning. You need to pass the company on to someone else. If you want it to stay in the family, this person may be a direct descendent, like one of your children...
Creating an estate plan is a major undertaking, but it’s vitally important that it’s done properly. One goal you likely have for your estate plan is to pass down assets to your beneficiaries. Deciding who you want to take control of your bank account when you pass...
The process of estate planning is a lifelong endeavor. Many people update their estate plans regularly. The typical amount of time between updates is about three to five years. Life is unexpected, and you may have a reason to make changes earlier. Here are a few...