Solomon Dwiggins & Freer, Ltd.
  • Call or toll free
  • 702-997-7714 800-671-9908

Las Vegas Estate Planning And Estate Litigation Law Blog

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: 

Important aspects of the probate of an estate

Many individuals use wills to control the distribution of their estate after their passing. This makes the will a big part of the probate process for many estates.

For individuals forming estate plans and beneficiaries, it is helpful to understand this process. In regards to probate, there are a few important aspects to be aware of.

Can you make handwritten changes to a will?

Whether you have just married or just retired, it is never a bad time to write your will. It may be uncomfortable to think about your passing, but it will become even more uncomfortable for your surviving loved ones if no document is in place saying how to divide your assets. Unfortunately, six out of every 10 Americans do not have a will in place. 

Having a will already puts you ahead of most American adults, but as time goes on, you may find that your will is no longer relevant to your current living situation. A divorce, second marriage or drastic change in income can greatly impact what your will needs to do. However, you need to make sure you go about making these changes the right way. 

How to talk to your loved ones about your estate plans

Estate planning is not an easy topic to address, whether you are thinking about creating a will, funding a trust or making plans in case you are incapacitated. You are not alone if you feel overwhelmed at the prospect. Many Nevadans unnecessarily put off their estate planning, and some find it awkward to bring it up to their relatives.

However, it is important to at least have a will outlining your basic wishes, so you do not leave your relatives wondering what to do with the assets you leave behind – and so your estate does not get tied up in probate. Furthermore, talking about your wishes while you are still alive and well may go a long way toward keeping the peace among your family members when you are no longer able to dictate “who gets what” and “what goes where.”

Email Us For A Response

How Can We Help?

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

This site uses Google's Invisible reCAPTCHA, which is subject to Google's Privacy Policy and Terms of Use.

Solomon Dwiggins & Freer, Ltd.
9060 West Cheyenne Avenue
Las Vegas, NV 89129

Toll Free: 800-671-9908
Phone: 702-997-7714
Phone: 702-853-5483
Fax: 702-853-5485
Map & Directions