Facebook

Google

9:00 - 5:00

Our Opening Hours Mon. - Fri.

702.938.2244

Call Us For Free Consultation

Search
Menu
Free Consultation
logo
Free Consultation
mobile logo
 

Blog

07 January
0 Comments
Sticky

What is Probate?

Posted by GMD Legal
in Probate

[vc_row triangle_shape="no"][vc_column][vc_column_text]You have likely heard the term “probate” used in the context of handling a person’s affairs upon their death.  Probate is indeed the administering of a decedent’s estate through a formal legal process usually under the jurisdiction of a specific court.  For example, in Nevada that court is simply called probate court.   Here are a few things you may want to know about the probate process:   1. Probate is not for everyone.  Specifically, those individuals who have created and properly funded a trust during their lives may be able to avoid the formal probate process.  Don’t think creating a trust...

Continue reading
19 December
0 Comments
Sticky

Saving on Estate and Income Tax by Gift Giving

Posted by GMD Legal
in Estate Tax Planning

There is a lot of confusion out there, even among many of our most astute clients, concerning estate tax rates, estate tax exemptions, annual gift exemptions and lifetime exemptions. So to begin, here are the exemptions for 2016, and where applicable for 2017. Annual gift exemptions Annual gift exemption remains at $14,000. This means that you may give to any number of different people up to $14,000 per year without any need to report the gift, unless you make other gifts which cause you to exceed this limit. So let’s say you are married, have 2 children and 3 grandchildren. You may...

Continue reading
20 November
0 Comments
Sticky

How to Create a Living Will and Why it’s Important

Posted by GMD Legal
in Wills

What Is A Living Will? A living will (sometimes called an Advanced Directive, Healthcare Directive, Directive to Physicians, or DNR Order) is a legal document that any person with capacity can execute to inform physicians, first responders, or even family members of their wishes and preferences as relating to emergency or end-of-life medical care in the event that person is not able to make or communicate those wishes. Is It Important For Me To Have A Living Will? No one likes to think about getting older, getting sick, or even becoming incapacitated.  However, accidents and unforeseen events happen every single day and all...

Continue reading
12 June
0 Comments
Sticky

Estate Planning and the Capital Gain Tax

Posted by David M. Grant
in Estate Planning

Back in the heyday of estate planning when just about everyone who died owning a home and an IRA would have an estate subject to this tax, the choice between paying estate tax versus paying capital gain tax was an easy one to make. Up until the last few years, the highest estate tax bracket was 55% and the top long-term capital gain tax bracket was only 15%. If you had a choice of paying the estate tax or paying the capital gain tax, the capital gain tax was the obvious choice. This choice was really so clear-cut that most of...

Continue reading
13 March
0 Comments
Sticky

Has A Loved One Died Without A Will?

Posted by Robert L. Morris
in Probate

The pain you feel at the loss of a loved one is often compounded if your loved one died without a will.  During a time when you should be able to grieve, the uncertainty created by the lack of a will can cause real problems that you cannot handle on your own.  Some of those are very urgent and can compound and create further complications if you make the wrong choice.  You may now be dealing with one or more of the following problems: Handling the burial or cremation of your loved one. Who has authority to make those arrangements? ...

Continue reading
07 March
0 Comments
Sticky

Deathbed Regrets

Posted by GMD Legal
in Probate

We will all die one day—unless you know something we don’t. We recently came across an article written by Bronnie Ware, a home hospice nurse. After years of working with those who are literally laying in their deathbeds, she recorded the top five most common final regrets. They are as follows: 1. I wish I’d had the courage to live a life true to myself, not the life others expected of me. 2. I wish I didn’t work so hard. 3. I wish I’d had the courage to express my feelings. 4. I wish I had stayed in touch with my friends. 5. I wish that...

Continue reading
10 February
0 Comments
Sticky

David Grant as One of the “Notable Faces in Southern Nevada’s Financial Community.”

Posted by GMD Legal
in Estate Tax Planning

Estate Planning Attorney David Grant was recently featured in the February 3, 2014 issue of VegasInc Magazine as one of the “notable faces in Southern Nevada’s financial community.” You can read the full article here http://www.vegasinc.com/business/2014/feb/03/get-financial-adviser-avoid-small-business-headach/. Congratulations David!...

Continue reading
15 November
0 Comments
Sticky

The Affordable Care Act and You

Posted by Mark L. Dodds
in Grant Morris Dodds

With each passing day, the news on Obamacare gets worse. At the outset, it was just a matter of a few “glitches” in the website. And after all, didn’t Google and Amazon and all the great technologies of our day have some glitches along the way? Of course, now we know that describing the problems with the Obamacare website as “glitches” is like calling World War I a food fight. Not to worry, as a few weeks ago, Wolf Blitzer breathlessly reported to the nation that the healthcare website would be spinning like a top by the end of November. More...

Continue reading
11 October
0 Comments
Sticky

The Only Reason the Government is Shut Down

Posted by Mark L. Dodds
in Elder Law

The Republicans voted to fully fund the government, but added a requirement that everyone, including the Congress, Senators and their staff people, live under Obamacare. No more special waivers for the Senators, Congress and their staffs, and no waivers for big business without the same waivers for individuals. That is all the Republicans are asking for. Obama refused to negotiate and Senate Democrats refused to pass it. So, if you are in the minority of Americans not already opposed to Obamacare, keep in mind that the only reason the government is shut down right now is that Democrats refuse to fund the...

Continue reading