A Nevada will or estate plan should concisely and clearly communicate someone's intentions regarding their affairs in the event of their death. Adults of sound mind with the testamentary capacity to create estate planning documents can draft or update wills, trusts...
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Estate Planning
Why you should include secondary beneficiaries in your estate plan
Many individuals approach the creation of a comprehensive estate plan with something of a checklist. They will assign beneficiaries to high-value property such as a home, vehicle, vacation property or commercial real estate. Unfortunately, many people miss the...
Forgiving family loans in estate planning
Loan forgiveness has become a hot topic the past couple of years, and you have kept that in mind as you prepare your estate plan. Some of your children have led financially responsible lives, while others needed a little more guidance. And that guidance included a...
Can I disinherit my spouse?
As much as you tolerated your spouse during your marriage, you will always have certain ill feelings toward him or her. As you prepare your will, you wonder whether it is possible to disinherit your spouse. Well, in a way, you can in Nevada. But the result remains a...
Including your unique assets in your estate plan
Your assets are more than your home and your bank accounts. The unique and valuable assets you have collected over your lifetime are an essential part of your estate plan. Deciding how to distribute your collectibles can be a challenging part of creating your estate...
Avoid these four estate planning mistakes
No matter your age, health or wealth, you should consider developing a comprehensive estate plan. This group of documents will establish the distribution of your assets and clearly specify your end-of-life decisions. Without these documents in place, your surviving...
How a spendthrift trust protects an estate’s assets
For years, you have watched your adult children with their money habits. Two are diligent savers and investors. However, your youngest child has displayed money mishaps that have driven him deep into debt. This development obviously concerns you, as you keep it in...
Estate planning tips for blended families
The fact that more than half of U.S. families have remarried means the likelihood of many blended families. These families need to take additional steps when it comes to estate planning. They may face extra layers of challenges that the typical family may not. For...
Some reasons when you need to replace an executor
The executor of a will fulfills an important role that includes settling the estate, tracking down beneficiaries, paying outstanding taxes and dispersing assets. Because of this, you want a solid, trustworthy and responsible person willing to accept this...
Having that family discussion about estate planning
As a parent and spouse, you always were prepared, anticipating matters well beforehand and addressing them before complications surfaced. This philosophy served you well through the years, and it will serve you well when it comes to estate planning. It is a good...