Wills and trusts are two important estate planning tools for Nevada residents. Both methods allow you to document how you want your inheritance distributed among your heirs, but a trust is the more effective way to accomplish this goal. Here are some of the...
If you're married to a non-citizen in Nevada, there are some additional estate planning pitfalls to avoid that other couples don't generally have to worry about. But with careful planning, you can steer clear of these common marital hurdles. Estate taxes are due upon...
Choosing a life insurance plan can help your Nevada family in the event of your death. A life insurance trust might be the right choice for you if you're searching for a plan that allows you to manage better some of the aspects of incorporating a life insurance policy...
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...
