In most cases, people will leave their property and assets to their family members after they pass away. For adults who have kids, this may mean leaving their estate to their kids, which can be a more complicated endeavor than many assume. Siblings may dispute over...
Year: 2022
Using the new year to update estate plans and avoid litigation
With the new year arriving, you may have a list of things you hope to accomplish. One thing that should be on the list is reviewing and updating your estate plan. Having an up-to-date estate plan ensures that these legal documents are consistent with your wishes and...
Make difficult estate planning conversations easier for everyone
It is beneficial to discuss estate plans with loved ones, but this is often a difficult conversation to have. Nevada family members may be reluctant to discuss their decisions, financial matters and other sensitive issues related to their wishes for the future, but...
Common issues that often lead to disputes over estate plans
The purpose of creating an estate plan is to have the final say over what happens to estate assets and property after passing away. It allows one to care for loved ones, make important medical decisions and have peace of mind for the future. However, having a plan in...
It’s important to discuss one’s estate plan
One of the primary reasons why one may avoid talking about the future is the fact that an individual may not want to think about what will happen after death. This can be an uncomfortable thought, but creating an estate plan is an important and prudent step for...
Certain conditions to consider for an estate plan
Planning for the future is a process that requires one to consider what will happen to his or her property after passing. It involves deciding how to distribute assets and who should oversee the process. Estate planning is a prudent step for virtually every Nevada...
Top 3 things executors of estates do that can lead to litigation
The executor of an estate is human. Most of the time, they are a close relative of the deceased with little to no prior experience guiding an estate through probate, settling the deceased's debts and distributing assets according to the terms of the will. This is a...
The potential consequences of inadequate estate planning
It is common to associate estate planning with the rich and famous. While those with large incomes and significant amounts of wealth do have a pressing need for legal and financial protections, this step is beneficial for Nevada adults of all income levels and ages....
Most Americans don’t have long-term plans in place
It can be difficult and even intimidating to plan for the future after one’s death or in case of incapacitation. This is one of the many reasons why Nevada adults avoid the estate planning process, but by doing this, they are leaving certain aspects of their futures...
What happens if you want to challenge a will?
By creating a will, an individual is expressing wishes regarding what should happen to personal property after his or her passing. This document can give clear instructions regarding how the executor should distribute assets and what will happen with other parts of...