Intellectual Estate Planning for Intellectual Property | August 7th, 2023
When formulating an estate strategy, it holds significant importance, particularly for inventors and artists, to take into account their intellectual property. Similar to tangible assets like properties, bank accounts, or cherished possessions, intellectual property necessitates proper management to optimize its worth. Unlike items such as a grandmother’s wedding ring, intellectual property has the potential to generate income over extended periods. Without a well-structured plan, these rights could end up as part of the remaining estate, potentially depriving heirs of the rewards stemming from the extensive efforts of the inventor or artist across the years.
Navigating the Trust Administration Process in Nevada: A 10-Step Guide | June 22nd, 2023
When a loved one passes away, the legal and administrative tasks involved in handling their estate and trust can be overwhelming. During these challenging times, it is crucial to have a trusted law firm like Solomon, Dwiggins, Freer, & Steadman, Ltd. (SDFS) by your side. With their niche focus on trust and estate law, the firm offers comprehensive guidance on all aspects of trust administration in Nevada. From handling large and complex trust administrations involving significant family-owned businesses to assisting individuals with more modest estates, the firm’s expertise spans across the spectrum of trust and estate matters.
Ten Attorneys from Solomon Dwiggins Freer & Steadman, LTD. Named Mountain State Super Lawyers
Solomon Dwiggins Freer & Steadman, LTD., a Las Vegas-based boutique law firm dedicated to trust and estate law, announced today that an unprecedented total of 10 lawyers from the firm have been named to the 2017 list of Mountain States Super Lawyers, a renowned ranking of outstanding attorneys across the region. Less than 5 percent of lawyers in the state of Nevada receive this distinction.
Nevada Supreme Court Issues Advance Opinion in Favor of Solomon Dwiggins Freer & Steadman, LTD. Client | February 8th, 2017
Typically reticent on matters involving trusts and estates, the Nevada Supreme Court has issued its first reported opinion for 2017 in the trust and estate context.
On behalf of Solomon Dwiggins Freer & Steadman, LTD., attorneys Mark A. Solomon prevailed upon the court on two issues last month, determined by the Nevada Supreme Court as matters of first impression.
Demystifying REITs: A look at benefits, costs of conversions | June 1st, 2015
Interest in real estate investment trusts, commonly known as REITs, has surged. REITs are not new, but they are arising in new contexts.
Created in 1960 under the Internal Revenue Code, a REIT is defined as a corporation, trust or other entity taxable as a corporation that meets a number of tests intended to ensure it is primarily a real estate investment vehicle.
Planning For Decanting: A Tax Checklist For The Trustee | January 2015
Word is getting around that it is now possible – perhaps even easy – to change the terms of an irrevocable trust without going to court. The mechanism, commonly referred to as decanting, is the power of the trustee to make a distribution to a new trust. This once-obscure, common law doctrine has entered the mainstream, after having been codified in several states, including Nevada.
Small Business Succession Opportunities | November 1st, 2014
Small businesses grow through the ingenuity of their owners. An owner’s pride in a flourishing business can make identifying and implementing a succession plan difficult, but addressing succession planning can prevent disastrous outcomes.
College age children and estate plans: What you need to know.
The school year recently began across the country. No matter the age of the child, whether five or 18, parents take steps to help make sure their children are ready for the new school year. One important step that parents of college age children may not think of: estate planning.