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The Great Wealth Transfer is a financial process that has already begun and will continue over the next two decades. During this time, it is estimated that approximately $84 trillion in assets will be passed down to younger generations. Much of this wealth will come...
When planning your estate, you may be wondering how to take care of loved ones with special needs. A special needs trust is one option that allows you to set aside assets specifically for their care and support. Special needs trusts (SNTs) are legal arrangements...
As a will beneficiary in Nevada, you can contest the validity of your loved one’s will if you believe they were subject to undue influence when creating or amending the legal document. But, how can you prove they were coerced or manipulated into making decisions that...
A written contract should be a way to ensure compliance with an agreement. Businesses negotiate contracts with landlords, investors, employees and suppliers. A contract clarifies what each party expects from the other and what they intend to provide. The purpose of a...
Creating an estate plan can be an extensive yet rewarding process. You can use an estate plan to dictate how you wish your assets to be managed after you pass away. Many people believe that asset distribution is the only purpose of an estate plan. However, there is...
It’s very common to want to include minors in your estate plan. Perhaps you’re writing a will in your 60s, for example, and you have grandchildren who are under the age of 18. You want to leave financial assets to these grandchildren, but you know you might pass away...
When you die, it probably won’t be the house, the car or your bank account that starts disputes between your loved ones. It’s more likely to be your favorite quilt, your fancy teapot or some other personal item that has a lot of emotional significance for those you...
Estate planning is not as common as many people assume. In fact, the average American simply does not have an estate plan right now. The percentages are always shifting, but roughly two-thirds of people in the United States admit that they haven’t written a will. Are...
Many people regard estate planning as deeply personal and not the sort of thing they want to discuss with others. Yet it is probably better to have some discussions about yours, albeit without you needing to reveal every last detail. Here are a few people you might...
It’s not so unusual these days for families to learn after a loved one dies – even if they were in their senior years – that they were still paying off student loan debt. This debt (which after a while consists mostly of interest owed on the original loan) has been...