When you start planning your estate and creating a will, one of the many questions you may be asked is who the executor of your estate will be. This could throw you off guard if you don’t know how an executor functions in your will. You shouldn’t have to be in the...
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Estate Planning
Is a no-contest clause enforceable in Nevada?
One of the primary reasons why people create wills is to ensure that their wishes will be understood and honored when they are no longer around to make important decisions. Unfortunately, we live in a litigious world. It is not uncommon for the will to become the...
2 causes of estate problems
When people start setting aside assets and considering who will inherit their estate, there are a couple of mistakes people may make, making it harder for family, friends and loved ones to inherit from your estate and even cause estate disputes. Here’s what you should...
Using estate planning to transfer your investments
Estate planning is a helpful tool to help you transfer your investments to the people you care about. You may be interested in passing your home on to your children, for example, or sending money to a cousin or grandchild when you pass away. Estate planning allows you...
Is a special needs trust right for your estate plan?
Do you have a loved one with disabilities or other functional needs? If so, adding a special needs trust to your estate plan may be a smart move. It’s a good idea to consider your situation carefully before adding any new trust or element to your estate plan. Working...
3 steps you can take to protect your will from disputes
The death of a loved one can be devastating. It is not uncommon for emotions to run high during the grieving period. However, one of the inevitable undertakings following a loved one’s demise is the succession of their estate. A will is an estate planning tool that...
3 warning signs that a will could be the result of undue influence
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...
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...