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....
Estate Planning
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...
Certain mistakes could derail estate planning efforts
When creating an estate plan, a Nevada adult will have to make decisions regarding what should happen to personal property and other issues in case of incapacitation or death. During this process, it is easy to overlook certain matters or make certain missteps that...
Who needs a trust as part of a complete estate plan?
An important aspect of creating a comprehensive estate plan is identifying the elements that are necessary for the individual situation. While each plan is different, there are certain basic documents that will benefit most Nevada adults, including a will, living will...
Effective estate planning for people with mental health issues
Planning for the future can be a complex process for any Nevada adult, but there are some who have specific needs that need to be carefully addressed. Individuals who have specific mental health concerns, such as personality disorders, will benefit from the...
Creating a succession plan for a Nevada business
Small business owners understand the challenges involved with owning and operating a company. It takes a significant amount of effort to simply start a business and bring it a point where it is making a profit. It can be easy to overlook planning for the future of a...
Digital assets and making the future easier for loved ones
When it is time to settle an estate, Nevada families may find the process much more complicated when certain matters are not clearly addressed in their loved one’s estate plan. While most people outline what they want to happen with their physical property and money...
Having the difficult conversation about estate planning
Many Nevada adults delay planning for the future because they feel that long-term planning is not necessary for their specific stage of life. Others may avoid the estate planning process because they assume they do not have the resources or wealth necessary to require...
Things to avoid when updating an existing estate plan
Planning for the future can be a complex process, and the decisions one makes during the initial planning may not be applicable or valid years later. This is why it is critical for a Nevada adult to carefully update his or her plan after major life changes and every...
Accounting for intangible assets during estate planning
Adequate planning for the future includes ensuring that all assets are accounted for as part of a complete estate plan. Most Nevada adults understand the need to identify all their assets and determine what should happen to them after they pass, but there are certain...