It is possible to create a living trust without an attorney. However, at a minimum, it is recommended that you meet with one to discuss the process and to find out what is legally required to be in the document. Creating a living trust can be a complicated procedure. It can even be more complex making sure that it is a valid document that will be accepted by the court. ...
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Probate can be expensive and time consuming. Learn about the ways you can help your heirs avoid the probate process. Talk to one of our attorneys today. ...
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Estate planning is making a plan for your assets after you die. It can be a confusing time because there are so many options, laws, and regulations. One choice that is offered in Nevada is the trust. A trust is a fiduciary arrangement that names a trustee to hold and manage your assets on behalf of your beneficiaries. In Nevada, it is possible to design a trust that can help protect future generations in your family and make sure that they are taken care of financially. ...
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If you are currently going through the estate planning process in Nevada, you have probably heard the term “living will”. You have probably also heard several other terms like revocable, irrevocable, will, trustee, and beneficiary. Your friends and family may have even given you unsolicited advice about how they handled their estate. The estate planning process can be complicated and confusing. For this reason, we have compiled a list of common Las Vegas living trust questions below. ...
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If a loved one has passed away, their estate will need to be managed. Generally, this is done through the courts in a legal process called probate. This process is influenced by whether the person had a will and who they listed as their beneficiaries. A beneficiary is a person that is entitled to some or all of the deceased assets. ...
Continue readingIf a loved one has passed away in Nevada, you may be wondering if you need to hire a probate lawyer to help you settle their estate. This can be even more challenging if you do not live in Nevada yourself. ...
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On November 22, 2019, the IRS announced in IR-2019-189 that final Treasury Regulations will allow individuals to take advantage of the increased gift and estate tax exemption amounts which are in effect now through 2025, even if a person dies after such amounts drop back to pre-2018 levels. ...
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The Nevada legislature created the Set Aside process to make sure that surviving spouses and minor children were taken care of after a loved one passed away....
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Decedent's Debts – Am I Responsible to Repay Them? With some limited exceptions, the answer is no. Read on to learn the details....
Continue readingWhen you are young, your parents took care of you. They fed you every day and treated you with love while you lived under their roof. Now that you are an adult, you venture out into the world and start caring for yourself. You establish your own home and have your own family. However, in the back of your mind, you don’t forget about your elderly parents, who you want to care for. How would you care for them from a long distance? Here are some of the tips to get started. ...
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