Finding the tools or subset of tools to create a comprehensive estate plan that checks all the necessary boxes is not always easy. For example, Nevada residents may believe that they want to use a trust to help protect their assets and give their beneficiaries the...
Year: 2021
Issues with an executor could cause estate litigation
It is not unusual for Nevada residents to name a close family member as the executor of their estate. While this appointment can work out well in many cases, there are instances in which a family member who serves as executor may not handle the position with as much...
Credit shelter trust may be option for asset protection
Having a significant estate can be a blessing but can also have its complications. When one spouse in an affluent couple passes away, it can be challenging to know the best way to handle the remaining assets. While the surviving spouse will typically come to solely...
Trusts can help create legacies
Estate plans can have benefits than span generations. Of course, in order for these benefits to come into play, these plans must be created properly and with the future in mind. For some people, creating a generational legacy is not something that they are interested...
Removing an executor for cause
When Nevada residents select an executor for their estates, they express a lot of trust. This person will administer an estate, work with beneficiaries, and carefully use their control of the assets to meet the specifications you left behind in your will. However,...
6 subtle signs of undue influence
You may sense something suspicious is going on with your elderly loved one. Perhaps another family member, neighbor or home health care provider is a little too involved in your loved one’s affairs, and it makes you uncomfortable. While you may feel a certain amount...
What is the guardianship process in Nevada?
There are two avenues of legal action that can be taken in Nevada when guardianship of a minor child is necessary. One can actually lead to the other in some cases. This need can arise from a wide variety of scenarios, but it typically happens when neither parent is...
A changed will could lead to estate litigation
When an elderly family member needs help with daily activities and care, it is common for a loved one to step in and provide that care. Taking on such a responsibility can be a major sacrifice for the caregiver as it can take up much of the individual’s time and...
Probate addresses remaining debts, not just assets
Often, when Nevada residents think of closing an estate, they think of distributing the decedent’s assets to remaining loved ones. While this action is part of probate, the process does not focus solely on the assets of the estate. In fact, the executor will need to...
On what grounds could a trustee be removed?
Having a trust is often considered a valuable way to protect assets from creditors and lawsuits and to ensure that future generations can easily inherit assets. Because trusts have to be managed, it is essential that a responsible party is named as the trustee....