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Blog

12 January
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CA Prop 19 Passes and Opportunities Prior to Biden Tax Laws

Posted by GMD Legal
in Estate Planning, Estate Tax Planning
ca prop 19

Among other changes to Prop. 13, many people will experience a negative impact from Prop. 19, since it considerably limits the availability of the parent-child exclusion for purposes of limiting reassessment of real estate property taxes upon the transfer of property from parents to children. And for those with estates over $5 million, there are opportunities prior to enactment of the new tax laws. ...

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12 October
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Problems with Deeds on Death, Transfer on Death Deeds or Beneficiary Deeds

Posted by GMD Legal
in Estate Planning
deeds on death

When a person dies owning real property in his or her name, probate may be required in order to transfer that property to the heirs of the deceased person. Because of the costs, delays and hassles associated with going through probate in the State of Nevada, many people desire to transfer, or to at least structure the future transfer of, their real property, prior to their deaths....

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05 October
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Is Now the Time to Make a Large Gift? Uncertainty & Opportunity in 2020

Posted by GMD Legal
in Estate Planning, Estate Tax Planning
gift giving tax 2020

Because our office is already fielding dozens and dozens of inquiries regarding this unique circumstance, it is important that you call us now if you desire to receive counsel and assistance, prior to the end of the year, in determining how such a 2020 gift might be beneficial to your family and estate. ...

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30 May
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What is a Qualified Personal Residence Trust?

Posted by GMD Legal
in Asset Protection, Estate Planning, Living Trusts

Estate planning in Nevada does not need to be a complicated process. Still, there are many choices for you to look at when deciding how to handle the ownership of your property now and in the future. One option that is available to you is a Qualified Personal Residence Trust (QPRT). Read below to find out what this is, what the process for creating one is, and how it could help you and your beneficiaries. ...

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14 May
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Do I Need to Hire a Probate Attorney in Las Vegas?

Posted by GMD Legal
in Probate
hire probate attorney

The first step in knowing whether you need a probate attorney is understanding the probate process. Probate occurs when a loved one has passed away. It is a court-led process that proves the will, pays off creditors, calculates all assets and property, and pays any beneficiaries. It settles their estate and allows all leftover assets to be distributed to family and friends. ...

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30 April
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Are Trust, Estate, and Probate Services Essential?

Posted by GMD Legal
in Estate Planning, Grant Morris Dodds, Probate, Trust Administration

Your needs do not stop during a pandemic. COVID-19 may have you thinking about estate planning in case you or a loved one gets sick. You may also have tough legal questions that you need to be answered quickly. These needs cannot wait until after the stay at home order is lifted. We understand and we are here to help you. ...

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