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...
As your parents and grandparents become older, there may come a time when they can no longer care for their own financial or healthcare affairs. In these situations, it is important to take proper steps to confirm their ability or inability to make their own choices....
You may have heard of the term “trusts” when contemplating your estate plan. The concept of executing a trust may seem confusing to some. However, the reality is that most people who establish an estate plan can benefit greatly from creating a trust that is not overly...
Charitable giving can be an important part of an estate plan for those who are charitably inclined. Depending on the extent of these gifts and the financial circumstances of the donor, there are various ways to leave assets to charity. Additionally, the donor should...
Life is quite unpredictable. Each day, Nevada residents die unexpectedly. These untimely deaths are difficult to process and cope with. They also serve as examples of the importance of having a current estate plan. Adults should have estate plans that they update at...
