Those with considerable means should establish solid estate plans to specify how they want their assets distributed upon their passing. Unfortunately, not all affluent people choose to create even a basic will, which can cause a host of problems as loved ones,...
Year: 2021
Estate executors need to open (then close) estate account
Those chosen to administer a person’s estate after his or her passing have a big responsibility. Estate executors must wrap up all financial affairs of the decedent and handle myriad other issues before the estate can pass through probate and officially close. When it...
Is your inheritance at risk in an invalid will?
Losing someone you love isn’t easy, particularly if you have known the person your entire life. Perhaps you’ve grown up in Nevada and have decades of cherished memories of times spent alongside your grandmother or grandfather. As you lay him or her to rest, such...
Reasons for challenging a will
Many people use a last will and testament to specify their wishes for how their assets will be distributed upon their passing. While most wills pass through the probate process with no problem, sometimes, issues arise where a family member or would-be heir feels the...
Where should an executor open probate?
The loss of a loved one often means handling a number of delicate issues. In particular, the person named as the executor will need to ensure that the decedent’s remaining estate is closed through the probate process. In some cases, this process can be relatively...
Is contesting a will with a no-contest clause worth it?
The idea of a family fighting over an estate is often not appealing. As a result, some individuals may choose to include a no-contest clause in their will if they believe that the chance of someone contesting the will is high. However, even with this clause, some...
Adult children may contest the will if they are removed
It is not uncommon for Nevada residents to expect their parents to leave them some form of inheritance. Even if the parents do not have much, a few sentimental items may still be anticipated and appreciated. However, issues can arise when adult children find out after...
What is beneficiary theft in relation to probate?
Some individuals in Nevada and across the country feel entitled to preferential treatment. In some cases, these people may feel that they can do whatever they want without waiting for the proper authority or permission. Unfortunately, if a beneficiary feels this way...
Should you take your loved one’s trust to court?
If your loved one made the time and effort to establish a revocable living trust, it is likely that he or she had the goal in mind of protecting you and your inheritance. A living trust is different from a will and can be much more complex. It also has safeguards and...
When to challenge a will for undue influence
Challenging the wishes of a will is possible if you suspect that undue influence was involved in writing it. Undue influence is when one person persuades another against their better judgment. These cases may arise by violent or psychological means that are subtle in...