The process of estate planning is a lifelong endeavor. Many people update their estate plans regularly. The typical amount of time between updates is about three to five years. Life is unexpected, and you may have a reason to make changes earlier. Here are a few...
There are many reasons why you might want to avoid probate for your estate. Probate can be time-consuming, often taking months or even years to complete. It can also be expensive, with fees and court costs eating into the value of your estate. Probate is also a public...
A power of attorney is an estate planning document that you can use to select an agent. You can then give this agent specific tasks. For example, you can use a financial power of attorney to authorize your agent to access bank accounts, pay your taxes, pay medical...
The prospect of family members fighting over estate resources is a stressful idea for many Nevada testators. They don't want the resources they earned to go to waste, and they don't want their final legacy to be a massive family dispute that pits siblings and cousins...
An executor is a person named in someone's will who -- once confirmed by the court -- oversees the distribution of their estate. There’s a lot that an executor is expected to do. If you find yourself in this position, here's where to start: Locate the deceased's last...
You must make many critical decisions when creating your estate plan. One such decision is choosing someone to carry out the wishes expressed in your documents (distribute property, pay debts, etc.). But how do you choose an executor? Start by writing down a list of...
Conversations about important topics often get pushed aside not out of malice but because people are busy and conversing about serious matters generally takes time and a thoughtful approach. One such crucial topic is discussing life insurance with aging parents. While...
Setting up an estate plan isn't something most people look forward to doing, but it's a necessary step in ensuring your assets are distributed according to your wishes. The revocable trust is a popular tool that offers flexibility and control. It's an arrangement you...
You may hear or read unfamiliar words and phrases when you enter the realm of estate law following the death of another. Although these terms may sound similar, they typically have entirely different meanings. For example, the phrases probate administration and estate...
The area around Reno and Lake Tahoe as well as Las Vegas and its surrounding region feature an abundance of senior communities. They’re often referred to as “55+ communities” since that’s typically the minimum age for residents. They’re popular among seniors healthy...