Settling the estate of a loved one can be a complex and difficult process, and unexpected setbacks can present challenges for Nevada heirs and beneficiaries. In many cases, completing the probate process is a requirement to officially settle and close an estate....
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Expectations for the probate process
The process of settling the estate of a loved one after his or her death can be a difficult and emotional endeavor, especially in the weeks and months following a passing. If you are the executor of the estate of a family member, it is your responsibility to navigate...
Reviewing existing estate plans effectively
Planning for the future is an essential step for Nevada adults of all ages and income levels. If someone has an estate plan in place, he or she would be wise to take the time to carefully review all documents on occasion. A thorough review from time to time can ensure...
Preparing for the unexpected through good estate planning
Planning for the future looks different for each Nevada adult. Every estate is different, and each person can create a strategy that allows him or her to look to the future with confidence. One benefit to estate planning is that it allows one to prepare for the...
Why do most Americans avoid estate planning?
The pandemic has increased the awareness of many Nevada residents for having certain types of legal and financial plans in place. Through estate planning, one can have a measure of control over what happens to his or her property and with potential medical decisions...
Making plans for the guardianship of your child
No parent wants to consider what will happen to his or her child in the future in the event the parent is incapacitated or dies unexpectedly. While thinking about this possibility isn’t pleasant, it is necessary to have plans in place in case there is an emergency....
Reasonable expectations for a trustee
A trustee has the immense responsibility of overseeing and managing the assets held in a trust. Because of the complex nature of some types of trusts and the potential for issues with the beneficiaries of the trust, it is beneficial for one to have a clear...
Safeguarding one’s assets with an asset protection trust
Business owners and entrepreneurs in Nevada work hard to establish their companies and build a solid reputation among clients and customers. However, as many business owners already know, any number of things can create a situation where the business owner is sued by...
Grounds for contesting a will
People in Nevada and elsewhere routinely use last wills and testaments to specify how they would like their assets distributed upon their passing. While testators should create their will under the guidance of experienced legal counsel, some choose to take a more...
Nevada Domestic Asset Protection Trusts explained
Most people in Nevada and elsewhere want to preserve as many of their assets as possible. This is especially true when seeking to protect one’s assets from creditors. Like several other states, Nevada allows for the creation of Domestic Asset Protection Trusts...