Most of us will benefit from having a revocable trust in place. This type of trust will ensure that upon our incapacity or death, our assets will be efficiently managed and administered by the right people and benefit the right people. However, simply having an...
Adults often put off estate planning. Maybe you’re a young, married adult and you simply assume your assets will pass to your spouse. You’re not worried about it, and in many cases you may be right. Then you have a baby. Now you start to think more about having some...
Life changes all the time. This is especially true when it comes to your estate plan. When you first drafted your estate plan, it was based on your circumstances at the time, your assets and finances, the people in your life as well as existing laws. Looking 5, 10, or...
The role of executor or successor trustee is among the most important ones within the estate planning process. The person entrusted with this duty serves as the intermediary between the heirs and the estate, diligently works alongside attorneys and makes sure that the...
Protecting and preserving assets is an important part of an estate plan. Not only do you want to protect your assets during your lifetime, but you also want to make sure that your assets are preserved to benefit your heirs after you die. A spendthrift trust can be a...
Proper estate planning is the best way for a parent to pass on their legacy to their children. If have no children, that does not mean it will not make any difference if you pass away with or without a will, trust and other estate planning tools in place. In Nevada,...
Sometimes, we delay important decisions. This may be the case in creating an estate plan. All of us want to make sure that our affairs are in order in the event we become incapacitated or pass away. Creating an estate plan can accomplish our objectives, but it is...
Challenging a will is an emotionally draining, time-consuming and expensive experience. Ultimately, though, it may prove unsuccessful. For someone to challenge a will, he or she must be an “interested party” – a person who has a financial stake in the state. Here are...
When you first hired an attorney and crafted your estate plan, your intentions were probably to ensure a smooth distribution of your estate to your loved ones and minimize the possibility of problems arising – such as will challenges and lawsuits. Whoever you named as...
Beneficiary designations allow you to name someone to receive a specific asset when you die. Sometimes this is referred to as a beneficial designation, or pay-on-death designation, or transfer-on-death designation. Making a beneficiary designation can be useful...
