When you start making your estate plan, a go-to document is a will. While this is a great start, it’s not the only legal document that your estate plan should include. Remember, the process to execute a will takes some time and those who are set to receive assets...
Estate Planning
How do you fund a trust as part of your Nevada estate plan?
When someone adds a trust to their estate, they may have a specific estate planning goal in mind. They may want to protect certain property from a creditor's claims or prevent their loved ones from misusing an inheritance. They may even make to pave the way for an...
How to handle personal debts during estate administration
As the executor or personal representative of an estate, you have a lot of responsibility. You also have a little bit of risk. If you make mistakes in your management of estate property, creditors might actually bring a claim against you personally. Those handling an...
Tips to reduce the possibility of your family fighting over your estate
As a responsible adult, you want to ensure your family is provided for when you pass away. If you have accumulated wealth and assets through the years, it’s necessary to make sure as much of this as possible gets to those that you love. Unfortunately, sometimes the...
Does your estate plan need a letter of instruction?
To most people, estate planning is merely the act of writing a will and perhaps creating a trust for their heirs or beneficiaries. A simple estate plan like this might be all you need to convey your intentions. It all depends on your unique circumstances. Did you know...
What if your parents disinherit you for a caregiver?
Maybe your younger sibling moved back in with your mother after her cancer diagnosis and took care of her for the last years of her life. Perhaps it was a more distant relative, like a cousin, who stepped into that role. You are obviously grateful for the support...
3 times people benefit from adding a no-contest clause to a will
When someone dies in Nevada, the property that they own and the debts they still owe become their estate. Their estate plan will determine what happens with those belongings and debts. Most states will go through probate with a few complications, but sometimes...
2 early steps to take when making your estate plans
There is a lot that goes into estate planning. Much of your time is ensuring your assets are properly divided after your death. You may have gone through your list once or twice now to make sure you did not miss any assets Passing away without considering every major...
2 reasons to consider a trust as part of your estate plans
While a will is the cornerstone of any estate plan, it is equally important to understand that there are other estate planning tools that should never be overlooked. Today, many people are looking at the advantages of using a trust. A trust is a legal document in...
Do you have to pay your parents’ debts?
Your parents passed away, and you discovered that they had a lot of debt. You knew nothing about this before, and you certainly hadn't co-signed on any of these loans. You believe they were financial mistakes. But it's too late to correct those mistakes. The debt is...