After assessing potential parties and choosing one to serve as your executor, you need to officially ask them. Understandably, doing this can be challenging, since you will be asking them to assume a critical role with legal and ethical obligations. So, how can you...
After drafting your estate planning documents, it’s crucial to store them safely. You want to store your documents in a location that guarantees protection from loss, damage or unauthorized access. Nonetheless, you should not need to go through several steps to access...
In Nevada, a living will is an estate planning tool that contains specific details about a person’s medical treatment preferences and end-of-life care directives. While this document also carries a “will” on its title, its legal purpose is entirely different from a...
A significant percentage of beneficiaries have reported experiencing guilt. It’s a psychological response that arises when someone receives wealth stemming from the loss of a loved one. While guilt is part of grief, it can prevent a beneficiary from benefiting from...
Estate planning often requires that testators make a number of challenging decisions. They have to choose who to name as beneficiaries and what each of their beneficiaries should inherit. Making decisions about particularly valuable assets can be a challenge,...
As families get together over the holidays, people often take the opportunity to make sure their older family members, like parents and grandparents, have a will in place. If you’re the recipient of such inquiries, you might understandably look for the seemingly...
People sometimes cut someone out of their estate plan or leave them comparatively little in order to show their disapproval or disappointment with them. For example, a mother who feels her daughter should have been around more in her old age may reduce her share of...
It is common for beneficiaries to assume that an estate plan will be written equally for all of them. Siblings may assume they will all get an equal portion of their parents’ financial assets, for example. If their parents are going to be leaving a home or other real...
When people die, the property that they own becomes the property of their estates. Any assets without transfer-on-death designations attached or a co-owner may become part of an estate. The assets in an estate are subject to distribution based on the instructions...
Many of your assets get distributed with your will. If you want to leave tangible assets like a car or a home to your adult children, you can name them in your will as beneficiaries. You will also need to address financial assets, family heirlooms and items with...