Probate is the legal process through which the courts administer and distribute a person's estate after they pass away. When someone dies without a will, the courts supervise the process and distribute the person's assets according to Nevada law. If the person who...
Your life is already busy enough as it is. The last thing you want to do is prepare for what happens after you die. You may think that just telling your family members how you want your assets distributed is enough. Or you may believe that everything you have will go...
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...