Law Offices of P. Sterling Kerr, P.C.
Free Consultations. Call Today.
702-608-0835
View Our Practice Areas

Probate Litigation Archives

Are people fooling themselves about estate planning issues?

Although there are plenty of Nevada residents who have estate plans, there are probably more who do not. In some ways, it is understandable why an individual might not have an estate plan, but people often just don't understand how important it is to have one. And, of course, there are plenty of estate planning "myths" out there, which might be playing a role as well. But, are people in Nevada fooling themselves when it comes to estate planning issues?

Electronic passwords can complicate the probate process

The vast majority of Americans have numerous electronic passwords that they use to access any number of applications or programs. Typically, the most we ever think about these passwords is when we need to create new ones, with being required to come up with a dizzying combination of letters, numbers and characters to pass the minimum security threshold. But, as much of an annoyance as electronic passwords can be on a daily basis, just imagine how annoying they can be for family members who are left behind to attempt to figure them out after you are gone.

So, you think it's OK to not have an estate plan? Think again

Millions of Americans know they should have an estate plan, yet they neglect to address this important issue. Why? Well, for starters, some probably believe that they do not need an estate plan because they don't have children, or they are not rich. Well, the fact of the matter is that almost everyone can benefit from an estate plan.

Avoiding risky missteps in estate planning

Many Nevada residents know that they should have an estate plan in place, but, for whatever reason, they are hesitant to even start the process. Why? Well, in some cases, people find the estate planning process mystifying - they don't know what options are right for them amongst so many potential arrangements. But, even though each estate plan will be different according to a person's needs, avoiding risky missteps is a crucial part of the overall process.

What is the key to avoiding probate?

For many people in Nevada who start the estate planning process, avoiding probate is one of their main goals. No one likes to think of their relatives and close friends needing to go through complicated court procedures just so assets can be distributed according to their wishes. However, if a person only has a will - or doesn't have a will at all - going through probate is all but necessary. So, what is the key to avoiding probate?

Dispelling myths about estate planning and probate

Many people in Nevada probably avoid the estate planning process for a simple reason: they don't know where to start. This is understandable, as there are many different estate planning options that individuals and families can consider. Each situation is unique, so no two estate plans will look the same. But, as the saying goes, "knowledge is power." It is important to dispel certain myths about the estate planning and probate process so that people feel more comfortable about getting started.

Communication is crucial when it comes to estate planning

It is hard enough for many people to communicate with an estate planning attorney when they know that they need to take action on this issue, so expecting Nevada residents to communicate with family members as well can seem like a lot to ask. However, as a recent article noted, communication is crucial when it comes to estate planning. Why? Well, the article pointed to a number of reasons.

Make estate planning one of your goals in the new year

With the holiday season behind us and the new year just beginning, many people are doing their best to make positive changes in their lives. New Year's resolutions are always fun to think about and plan, but, sometimes, too few people actually carry through with their plans for improvement. For Nevada residents, perhaps one of the most important goals for the new year should be to make an estate plan, if they don't have one already.

Even the most basic parts of an estate plan could be litigated

Some of our readers in Nevada may wonder, what are the most basics parts of an estate plan? Well, as a recent article noted, in many cases the most basics components of such a plan are: a will; power of attorney documents for financial matters and healthcare matters; a so-called "living will," which is actually a directive to family members and healthcare professionals regarding what type of end-of-life treatment you do and do not want to receive; and, for some people, a trust for some or all assets they own.

When distribution of specific assets becomes a problem

Most people in Nevada have more assets than they realize, a fact that can come to light when they get into the estate planning process. In an ideal estate plan, the plan will be comprehensive and include all of a person's assets and how to distribute those assets. Many people will make their plan to distribute their assets based on percentages, such as, for a basic example, half of the assets to a spouse and one-quarter each to two adult children.

We happily accept:

Visa | Mastercard | American Express | Discover Network | Paypal
Email Us For A Response

Get Help From An Experienced Attorney

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Location

Law Offices of P. Sterling Kerr, P.C.
2450 Saint Rose Parkway Suite 120
Henderson, NV 89074

Toll Free: 800-745-8826
Phone: 702-608-0835
Fax: 702-451-2077
Henderson Law Office Map