Estate planning for high net-worth individuals and couples involves finding ways to minimize the tax burden and complexity of wealth transfers. One under-appreciated tool is the 529 college savings plan, a way to help the younger generation pay for a Nevada college....
Many Nevada residents think they should only have an estate plan if they are married. However, single people can also benefit from one. Planning for incapacity One of the biggest reasons you should have an estate plan as a single person is to plan for potential...
There are many different estate planning tools available to Nevada residents. While your standard Last Will and Testament can cover most of your estate planning needs, some families need a little bit more support. That’s where trusts can come in. Trusts are a useful...
Parents may take estate planning seriously because they want their children and other beneficiaries to receive a fair inheritance and make probate less challenging. It would be a mistake to assume only Nevada families of significant means benefit from estate planning....
An estate plan can make it easier to manage your affairs today as well as after you pass away. For example, a will can dictate who gets your Nevada home or who should take care of your children if you die before they reach adulthood. A trust may enable you to pay...
Going through the estate planning process is essential if you live in Nevada and have assets, such as a home, stocks and valuables. It can designate the beneficiaries who receive your property and help you reduce estate taxes, which can occur when you die. Knowing how...
Whether your child is born in a Nevada hospital or anywhere else, becoming a parent is a significant milestone in your life. Ideally, you will review your estate plan after the birth of a child to ensure that its needs can be met if you die or become incapacitated. Do...
If you have a loved one, such as a child with special needs, who may need considerable support after your passing, most likely you have wondered how they will get on after your death. Establishing a special needs trust in Nevada is one way to ensure an income for such...
If you are a legal adult in the state of Nevada, it is in your best interest to have an estate plan. In many cases, a will may be sufficient as the sole piece of this plan. However, depending on your circumstances, it may be necessary to add a trust, living will or...
Creating an estate plan in Nevada is an excellent way to avoid a mess in the future. Knowing who will receive your assets or take care of your children can save a significant amount of time, frustration, and money. Developing a sound plan can be done when you take the...
