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When you pass away, your estate will have to go through probate. Basically, this is the process of winding up your estate and distributing your assets according to the stipulations in your will or Nevada intestacy laws if died without a will. Probate is generally a...
There are lots of valid reasons why you need to create a will. One of these is to minimize the risk of your loved ones fighting over your wealth when you pass on. To this end, many people include a no-contest clause in their wills. Basically, the no-contest clause...
Eventually, 100% of Americans will reach a point in life where they could use an estate plan. Even so, some reports claim that a full 67% of Americans do not have an estate plan yet. This leaves roughly 1/3 of all people with the documents in place that they actually...
Reaching retirement is a big milestone in life and one that should be celebrated. You’re probably looking forward to finally having the time to spend doing all the things you love and getting some well-needed rest and relaxation. Planning for retirement, however, can...
The executor or personal representative of an estate is someone in a position of authority, even if it is only temporary. They have the authority to distribute property from the estate and to resolve someone's outstanding obligation. They file tax paperwork, close...
If you’ve ever thought about going through the estate planning process, it can feel a little overwhelming. You might find yourself asking the question: “where do I even start?” There can be a lot of paperwork that you feel needs your attention and some of it can be...
A power of attorney is a document that allows someone else to take certain actions on your behalf. These are things they wouldn’t be able to do otherwise. For example, you can use a financial power of attorney to authorize someone else to make tax payments or...
Creating an estate plan is a task that all adults should complete. When you’re considering how to set this up, you can’t neglect to designate people to handle the power of attorney duties. These individuals will step in to make certain decisions on your behalf if...
Everyone should make an estate plan at least once in their life, and update it gradually through the years. When planning out your estate plan, you may need to consider what you include. Many of the following are, typically, seen in every estate plan: 1. A will A will...
When you create your will, you should take the time to ensure you include everything you own in it. The exceptions are assets that have beneficiary designations and any that you have already moved into a trust (because they technically no longer belong to you). Were...