An estate plan can make it possible to manage your affairs both today and after you pass. However, your estate planning needs will likely change as you get married, have a child or simply advance in age. Therefore, it is a good idea to review your plan on a regular...
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Estate Planning
Tips on including an unexpected baby in your estate plan
If you live in Nevada, don't forget to add an unexpected newborn to your estate plans. After all, if you've already included the baby's siblings, you don't want to leave the newcomer out of the preparations inadvertently. Here are some of the things to consider....
Everything you need to know about creating a will in Nevada
Nevada is a beautiful state that many residents are proud to spend their lives in. Eventually, as you age, it's wise to think about what you leave behind and who or where your assets will go. Fortunately, creating a living will in Nevada can give you the peace of mind...
Why you should avoid probate
Probate is the legal process that comes after someone's death to validate their will, settle their debts and distribute their assets to the rightful heirs. While probate serves a necessary purpose, it can often be a time-consuming, costly and complex burden for Nevada...
Estate planning for business owners
Estate planning for business owners in Nevada is a vital element of financial planning. As a crucial part of estate planning, business owners must actively plan to have someone manage their business and handle their assets in the event of death. Business succession...
How to start the estate planning process
Many Nevada residents believe estate planning is only for the elderly or the wealthy. Both of those beliefs are incorrect. No matter what your stage of life, it is beneficial to begin the estate planning process today. Establishing guardianship Perhaps the most...
Leave your children a legacy, not a burden
Making financial decisions now can ensure that loved ones do not deal with unnecessary stress if you die or become incapacitated. Here are four things you can do in Nevada to avoid becoming a financial burden on your adult children and leave a legacy. Create a will...
How surviving spouses can avoid a post-death cash crunch
When a spouse dies, the survivor often has a liquidity problem for several months following the death. The surviving spouse usually is a woman, although not always. Whether a widow or a widower, Nevada residents can avoid cash flow problems when their spouse dies if...
How does a codicil to a will affect Nevada estate planning?
Keeping your documents updated with changes in your life is essential to estate planning in Nevada. One of the ways you can ensure that your documents meet your current needs is to develop a codicil to your will. Writing an addendum is a quick and easy way to change...
Questions to ask when estate planning in Nevada
Estate planning is a complex process for many Nevada residents. There are a lot of emotions involved, along with complicated steps. Because of this, it’s not uncommon to forget essential estate planning steps. There are a few essential things that you should make sure...