Accumulating assets over a lifetime differs for each Nevada resident. Some individuals may have a minimalist approach to the assets they accrue and maintain, and others may acquire considerable wealth and property that they hope to leave to their loved ones. In the...
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3 issues that could open the door to undue influence
Many Nevada residents would love to have the chance to care for an aging loved one full time. Unfortunately, most individuals have children of their own, jobs and other obligations that essentially make it impossible to take on the added responsibility of providing...
How can you protect your estate from creditors?
If you're planning your estate in Nevada, you probably want to leave a sizeable share of assets to your loved ones. Unfortunately, you might be worried about what will happen to those assets once they transfer to your beneficiaries. Creditors may be able to seize your...
3 questions to ask if you suspect undue influence in a will
Even though they lead a healthy and active lifestyle, your parents will not live forever. Still, they likely want to have some control over what happens to their assets after they are gone. A well-written will is a good way to achieve this goal. In simple terms, a...
5 mistakes to avoid with respect to beneficiary designations
The naming of beneficiaries for retirement accounts and life insurance policies seems a fairly straightforward process. However, the changes that occur in life may affect the beneficiary designations you have made, or in some cases, have not made. Here are five...
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....
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...
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...
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...
Can you legally amend your Nevada will?
You create a will so your loved ones have an idea of what you want to leave to whom. However, situations sometimes arise in life that may change your mind about certain decisions you made about how you want your assets allocated, and such changes may warrant a change...