If this is the year your child turns 18 and heads off to college or maybe takes a gap year to work and/or travel, it’s time for them to put some documents in place that are widely associated with “estate planning.” They likely don’t need a will or living trust yet....
Leaving money or property to a teenager can create an immediate concern: Who will protect the inheritance until the child is ready to manage it? In Nevada, the answer depends on the instructions in your will or trust and on whom you name to receive accounts or...
It is often very clear to grandparents that they need to make an estate plan, simply because of the stage they are at in their life. They may have received a significant medical diagnosis that makes it clear to them that they are drawing closer to the end of their...
If you are considering adoption, you may focus on the parent-child relationship it will create. Adoption creates a permanent legal bond, but it can also affect property and inheritance issues later on. Under Nevada law, adoption may change who has the legal right to...
After choosing someone who possesses the qualities you are looking for in an executor, you need to have a conversation with them. This is when you inform them you are estate planning and you believe they are best suited to administer the estate. You want to handle...
Many people draft wills to designate their beneficiaries and provide instructions about the distribution of their property after their passing. Others create a much more structured testamentary instrument in the form of a trust. Trusts can provide a range of different...
Most people want their loved ones and communities to remember them fondly after they’re gone. They may want to leave a lasting positive impact on the people closest to them or to support causes that were dear to them throughout their lives. The legacy that a person...
Most people assume you need an estate plan only if you are married, have children or are elderly. If you’re young, single and just starting your career, an estate plan may feel unnecessary. The truth is that everyone can benefit from an estate plan. Even a basic plan...
How long has it been since you drafted your estate plan? If it has been more than three years, then it may be time to revise your will, trust and other legal documents. These changes can include adding new assets you want to distribute to beneficiaries. However, you...
If you are preparing to put an estate plan in place, then well done. Many Americans continue to put this off, so beginning the process helps you get ahead of the curve. It really is an essential task to cross off your to-do list. So where do you start? Here are a few...
