As Nevada residents consider their mortality, the distribution of their assets may become a priority. Without planning, it can be difficult to ensure your family observes your wishes. Establishing a trust offers several benefits to help guide decisions around your...
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Estate Planning
Ease burdens on heirs who sell inherited real estate
Owners of luxury or investment real estate in Nevada should give careful consideration to how to distribute these assets in their estate plans. Although choosing your heirs represents your primary concern, your estate planning can cover smaller details that help the...
An idea that might make roads safer for pedestrians
Throughout Nevada, it is generally legal for a vehicle to make a right turn at a red light. This practice was one of many changes made during the 1970s when the United States was in the midst of an energy crisis. However, critics of this rule say that it may cause a...
A guide to spendthrift trusts in Nevada
Preserving your legacy and hard-earned assets for your loved ones in Nevada may sometimes require a more intricate approach than simply transferring them through a will. This is particularly true in the case of beneficiaries who are financially inexperienced or prone...
Studies reveal that fewer Americans are writing wills
Nevada residents who write wills do so because they want to enjoy the peace of mind that comes with attending to difficult end-of-life matters. People with estate plans in place know that their assets will be distributed according to their wishes after they pass away,...
How to include charitable gifts in your estate plan
Making charitable giving a part of your estate plan can provide a meaningful way to leave a legacy for your essential causes. Planning for a post-death donation has tax benefits and can allow you to enjoy your assets while alive. The following illustrates some other...
Reasons to update your estate plan
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...
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...