When someone dies, the property that they own becomes their estate, and probate proceedings are often necessary to transfer ownership of those assets to others. People may have planned carefully for the distribution of their resources so that specific loved ones...
When planning for the future, creating a trust may be an essential step, allowing individuals to decide how their assets will be distributed after their passing. Irrevocable trusts offer certain benefits that may suit some individuals' estate planning needs. Unlike...
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...
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...
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...
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...
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 –...
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...
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...
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...