Many people find the terms "will" and "trust" confusing when planning for the future. Both documents help manage and distribute assets after death, but they work in different ways. What is a will? According to CNBC, 67% of Americans do not have an estate plan. A will...
From Our Las Vegas Office,
We Assist Clients With Probate, Trust Administration, Elder Law And Estate Planning
Estate Planning
How can you keep estate plans current?
Planning for the future is important, especially when it comes to your estate. Estate planning involves making decisions about who will inherit your assets and how people will distribute them after you die. However, creating an estate plan is not a one-time task. You...
Why is estate planning so important?
Estate planning has many benefits that you may overlook at first. While you could assume this plan is only about money, it actually involves much more than that. These documents include important decisions about who will handle your property, assets and healthcare in...
What are the top 3 things people need in their estate plans?
An established plan can bring you peace when you think about your assets and wishes. Estate planning involves making arrangements for what happens to your belongings after you die. While it might seem overwhelming to think about at first, there are three important...
Has your estate planning gotten underway for 2024?
There are several types of people in Nevada. Some would rather avoid all discussions regarding their own mortality, so they procrastinate when it comes to signing a last will and testament or other end-of-life documents. Then there are those who want to be as prepared...
Consequences of dying without a will in Nevada
In and beyond Nevada, the estate planning process is available to any adult age 18 or over, who can demonstrate soundness of mind. You do not have to be past retirement age, own a business or have amassed great wealth to benefit from executing an estate plan. A...
3 ways to make sure estate plan reflects current wishes
One of the benefits of executing an estate plan is that the process is customizable. You can incorporate or omit whichever documents you prefer, and you can write out your own instructions or wishes regarding issues such as a last will and testament, advance directive...
Things to think about regarding your estate administrator
Many people in Nevada and elsewhere would rather avoid conversations about mortality. However, it’s an important topic for many reasons. For instance, if you’re ready to navigate the estate planning process, you’ll want to discuss your final wishes, perhaps with a...
You may need assistance with a payable on death account
The decisions one makes in his or her estate planning process are with the intention of caring for loved ones and providing for beneficiaries in the future. There are various estate planning tools one can employ to accomplish this goal, including establishing certain...
Can the use of secondary beneficiaries improve the probate process?
While people often become enamored with the concept of avoiding it entirely, depending on the size of the estate, the probate process is likely a necessity. In Nevada, probate is largely the process by which officials identify and locate beneficiaries, followed by the...