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Las Vegas Estate Planning And Estate Litigation Law Blog

Why to avoid DIY estate litigation

The day will come when you need to meet with an attorney to create an estate plan. However, there are plenty of online services that allow you to create a will by yourself, and that is a mistake you do not want to make. 

You never want there to be any errors in your estate plan. It is an important document that lays out who receives what once you pass. You want to make sure there are zero misunderstandings, so you never want to pursue DIY estate litigation.

Warning signs your parent's will may be invalid

The reading of the will tends to be a dramatic event in movies and books, typically ending in an unpleasant surprise for the family. Despite the common dramatization, these scenarios do happen in real life, leading loved ones to contest the will.

However, the signs that a will may be invalid often are not as obvious as their portrayals in media. These are some of the red flags you may come across to help you determine if your parent's will is valid.

What you need to know about challenging a will

Your grandmother always said she would leave you a substantial inheritance. But then when the attorney read her Nevada will after she died, it failed to mention you. Instead, she left almost her entire estate to your cousin who had taken care of her the last year of her life. Can you challenge the will

The answer is yes. But not because you are disappointed at not receiving your promised inheritance. Mere disappointment or anger over failing to receive an expected inheritance never constitutes a valid ground for challenging someone’s will. In your case, however, your cousin could have exerted undue influence over your grandmother, and that represents one of the classic grounds for successfully challenging someone’s will.

Understanding the duties of a trustee

People work hard to obtain their assets. It is only right that those individuals be able to delegate their assets as they desire. A proper estate plan can aid in accomplishing this, and a trust is a beneficial tool within the plan.

A trustee is the party in charge of maintaining and distributing the assets of the trust. When the grantor dies, the trustee must begin fulfilling the duties of the position.

How to include a pet in an estate plan

People love their animals, which is why so many stories pop up of rich people who have passed away leaving behind millions of dollars to their dog or cat. Most people just want to make sure someone will look after their pet if they pass away. 

Typically, ownership of a pet will go to the spouse of the deceased. However, there may be circumstances where no one is available to take care of the animal. In this circumstance, the animal would go to Animal Control and face adoption or euthanasia. Fortunately, there are steps you can take to ensure someone looks after your pet upon your passing, and it all comes down to what you put in your estate plan

Are you unhappy with the trust administration process?

When your loved one passes away, the trustee is responsible for administering the trust. This individual must adhere to the terms of the trust, communicate with beneficiaries and manage assets properly. Unfortunately, not ever trustee lives up to these expectations.

If you feel dissatisfied with the trust administration, it may be possible to remove the trustee. The trustee removal process must rely on Nevada laws. Here are several reasons why you may be able to remove the trustee from his or her position.

3 tips for being a good trustee

If you are responsible for managing and administering trust assets, you may be looking for advice. Taking on the role of trustee can be intimidating and confusing at times. Of course, you want to do your best to honor the creator of the trust and beneficiaries. 

Being a good trustee helps you avoid disputes with heirs and makes the estate administration process go smoothly. Here are some guidelines for how to fulfill your duties as a trustee.

What you need to know about arbitration clauses

Estate planning is necessary and important, but it is also sometimes a stressful endeavor when you are trying to ensure all your loved ones are cared for. Drafting a trust or will is the best way to provide financial protection to your family after you pass, but it is important that the directions you stipulate will be followed. Including an arbitration clause in your estate plan is one way to attempt to ensure this.

Arbitration clauses function by requiring all parties who may dispute the content of a will or trust to go through a mandatory arbitration proceeding to resolve it. These clauses are becoming increasingly popular in estate plans, but you should be aware of the following factors before including it in yours: 

3 things you should know about amending your will

Establishing your will is an important part of estate planning. You want to ensure that your loved ones are cared for and your estate is properly managed when you pass, so creating a document with clear directions is the best way to do so. This is exactly what a will is for, but too many people wait or make mistakes so that their estate plan is not as effective as it could be.

There are a few things you should know about the process, so if you are ready to start planning your estate, pay attention to the following three facts about wills. 

The most practical places to store your will

When you marry or have your first child, you need to start thinking about creating a will. You do not want to delay this process too much, and you can easily find an attorney in Las Vegas or Henderson to assist you. 

After you have finalized your will, it is time to decide where to keep it. It should go in a secure location where no one else will be able to tamper with it. You also do not want to risk it becoming destroyed. Here are a few good places to keep a will, and you should keep yours in at least a couple of them to be safe: 

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