When people think about estate planning in Nevada, their main focus is often distribution of property or the care of their dependent family members in the event of their death. However, estate planning can also address many other concerns, including someone's...
Estate Planning
Can you prevent your heir from squandering their inheritance?
You have worked so hard your entire life so you can have an inheritance to pass down to the people you love when you die. However, you’ve read tragic stories about heirs who blew their inheritance. And you are genuinely concerned. It is very natural to feel concerned...
Estate planning for new parents
Whether new parents already have an estate plan in place or they have never so much as drafted a will, the arrival of a new family member should serve as inspiration to get their affairs in order. Having a proper estate plan in place can both ensure that someone whom...
How to make your executor’s work easier
Appointing an executor is crucial when creating a will, as they will ensure your wishes are fulfilled. Besides this, executors have several duties to perform to ensure your estate plan protects your loved ones as you intended. For this reason, their work can be...
Does your estate plan address your digital assets?
The foremost purpose of an estate plan is to ensure that someone’s wishes concerning the distribution of their assets and sentimental property after death are made clear and made known. Additionally, supplemental documents – like advance healthcare directives –...
Choosing your estate executor
Deciding who will be your estate executor is an important one. You want someone reliable, organized, and detail-oriented to handle your affairs after you pass away. Here are some things to consider when making your choice. One of the most important factors is trust...
Should you leave your business to your children?
You’ve always had an entrepreneurial spirit and a lot of drive – so opening your own business was always a goal. Over the years, you’ve managed to create a thriving company that you could easily see lasting for decades to come. So, do you leave the business to your...
2 reasons why someone should not be your power of attorney
As part of the estate planning process, it’s a good idea to start thinking about power of attorney. This makes sure that you have someone you trust in place who can make healthcare and financial decisions for you when you’re no longer in a position to be able to do so...
Why do people add powers of attorney to their estate plans?
As an independent adult, you likely don't want to put yourself in a situation where someone else has control over your money or your health care, as you likely realize that many people who would take such a position could do so because they have an ulterior motive....
3 simple tips to help you minimize your probate costs
We all want to live a little something behind for the people we care about when we die. Sadly, a huge chunk of what you’ve worked hard for can end up going to the government by way of probate fees when distributing your estate. Basically, probate is the process of...