A Lawyer Who Cares About Getting Things Right For Your Family
The Bowen Law Offices, in Las Vegas, Nevada, provides knowledgeable legal advice and the documents necessary to help you protect and transfer your family’s assets upon death or incapacitation. We offer a complimentary consultation to discuss your current circumstances, as well as explain how trusts work and why it is important to have an updated last will and testament to help you meet your long-term goals for your heirs and beneficiaries.
Is A Last Will And Testament Really Necessary?
In most cases, Nevada law provides that assets and property will automatically transfer to a surviving spouse upon death. An updated will is important if there is any specific property you wish to be left to a specific heir or beneficiary. A valid will also protects your family from unforeseen disputes that may arise among children from a previous marriage and stepchildren who may challenge the transfer of property through the probate process.
Make a Revocable Living Trust as part of your estate plan for three important reasons:
1. To plan for mental disability – Assets held in the name of a Revocable Living Trust at the time a person becomes mentally incapacitated can be managed by their Disability Trustee instead of by a court-supervised guardian or conservator.
2. To avoid probate – Assets held in the name of a Revocable Living Trust at the time of a persons death will pass directly to the beneficiaries named in the trust agreement and outside of the probate process.
3. To protect the privacy of your property and beneficiaries after you die – By avoiding probate with a Revocable Living Trust, your trust agreement will remain a private document and avoid becoming a public record for all the world to see and read. This will keep the details about your assets and who you have decided to leave your estate to a private family matter
Living trusts are great for people who want to enjoy tax savings now, while also seeing their money used for the specific purpose they intended for their children, grandchildren or favorite charity. The Bowen Law Offices will explain the benefits of various types of living trusts and can also serve as trustee.
We also use our estate planning experience to help people with powers of attorney, living wills and probate and estate administration following the death of a loved one.
Free Consultation To Discuss Your Estate Planning Goals
Call us at 702-763-6159 or contact the Bowen Law Offices by email to schedule a free consultation with attorney Jerome Bowen. Our office hours in Las Vegas are Monday through Friday from 9 a.m. to 5 p.m. Evening and weekend appointments are available by special arrangement, and we can meet in your home or office if you prefer.