Estate Planning

If you’re thinking of creating an irrevocable trust to reduce estate taxes, protect your assets or provide security for your loved ones when you’re gone, it’s important to understand how this type of trust works. Unlike a revocable trust, which you can change or...

Everyone will eventually need an estate plan, but not everyone has one. Studies have found that roughly one-third of Americans have made an estate plan. But that leaves the majority of them with no plan in place. You may find yourself surprised to learn that people...

When a parent grows older, their health and independence often decline, which can leave them more vulnerable to influence from others. Many family members genuinely want to support and protect an aging loved one.  However, there are situations where distant relatives...

People with valuable property generally want to pass what they have accrued to loved ones when they die. Many people can achieve that goal by simply drafting a will. Using a will as the primary testamentary instrument in an estate plan can be effective, but it does...

An estate plan is meant to reflect your wishes and protect the people you care about. However, if it remains unchanged for too long, it can become outdated or ineffective. As life moves forward, your estate plan should keep pace. Here are some of the most common...

When a loved one passes away, dealing with their estate can be an emotionally overwhelming process. Legal documents like wills and trusts typically handle financial and property matters. However, sentimental items often fall into a gray area that can lead to...

Not everyone has just human heirs and beneficiaries to plan for once they have passed on. Some people have beloved family pets that they want to make sure are provided and protected as well. What options do Nevada residents have to ensure that their pets are cared for...

Most parents want to protect their children’s future, including providing for them after death. But without clear, updated estate planning, your children may receive far less than you intended — or even nothing at all.  Accidental disinheritance is surprisingly easy...

Choosing the right fiduciary is one of the most important parts of estate planning. Fiduciaries are the people or institutions you trust to manage your assets and fulfill your wishes.  Under Nevada law, fiduciaries must always act in the best interests of the estate...

One reason why people do not draft an estate plan—most people do not have a plan in place at this time—is that they think they are simply too young. They may know that it will be important to draft an estate plan before they pass away, but they are only in their 30s...