Estate Planning
Importance of Having an Estate Plan
By Kim Boyer
Gloria’s parents had planned ahead. Gloria said: “One of the best gifts that my parents gave to my siblings and me was creating a living trust and powers of attorney. Mom has dementia and my father has been her caregiver, allowing mom to remain at home in her comfortable and familiar surroundings. Unfortunately, my father was hospitalized due to Covid-19. Lucky for us, my parents had their estate planning in place. […]
Is Your House in Your Trust After a Refinance?
By Kim Boyer
My office received a frantic call from a woman. She had been named successor Trustee of her mother’s trust and knew that her mother had been meticulous in making sure that all of her assets had been properly titled into her trust, including her home. […] Unfortunately, her mother’s health took and unexpected turn and she quickly passed away. The daughter believed that her mother’s home was titled in the trust and she listed it for sale. The sale was set to close the next week […]
Asset Protection Planning: Why It Is Crucial for Your Financial Future
By Kim Boyer
Many of our clients want to protect what they’ve worked so hard to build. You need to put a solid financial plan in place and take the proper steps to protect your assets. Through proactive asset protection planning, you can protect your home and other assets from the high costs of long-term care. […]
Selecting Your Successor Trustee or Personal Representative
By Kim Boyer
An important decision you need to make in planning your estate is who will be in charge of your assets after you’re gone or when you are incapacitated. Many of my clients ask me for guidance on selecting the successor trustee of their trust or the executor (“personal representative”) of their estate. There […]
Deed Upon Death “Beneficiary Deed”
By Kim Boyer
Robert’s only asset was his home, and he wanted his son to receive it upon his death. In Nevada, one option for Robert is a Beneficiary Deed or Deed Upon Death. This means that the home would pass outright to the beneficiary at death without probate. Trusts are also another option that avoids probate and can provide protections for beneficiaries. Robert, who lived only on Social Security income, chose a Beneficiary Deed. At Robert’s death, his son asked for our help. […]