Stuck in a bind? Read this article to learn how inheritance can be affected by divorce, and ways to protect both yours or your children's inheritance....
Continue readingAs of January 1, 2021, Grant Morris Dodds will be joining forces with W. Kent Corry PC to ensure a smooth transition of his clients & practice. Read more inside...
Continue readingYour 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. ...
Continue readingTrust agreements can terminate for any number of reasons. Following are several explanations of why a trust might end, come to its conclusion, and be terminated…...
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Get answers to some of the more commonly-asked California state income tax questions associated with changing residency from California to Nevada....
Continue readingBefore accepting the trusteeship, you should consider your duties and decide whether taking on this responsibility is what you want to do. ...
Continue readingFortunately, most of our clients come in every so often, at which time, we have the opportunity to review the documents and make sure everything is up to date, reflects the client’s current wishes, and that the trust and other documents are set up in a way that will most efficiently provide for administration and distribution of an estate....
Continue readingThere is considerable confusion concerning the effects of naming a trust as the beneficiary of an IRA. What is most remarkable about this subject is that it seems to me that most professionals who should know better, i.e. CPA’s, investment professionals and lawyers, have as many misconceptions and gaps in their knowledge as the general public....
Continue readingIt's very important to have a reputable attorney for your probate needs. This article is an example of a possible worst-case scenario. Whether or not the allegations are true will remain to be seen. At Grant Morris Dodds, we believe in being beyond reproach. Thousands of clients have trusted us over the years with their probate court & probate needs. Read the details from the Las Vegas Review Journal article here....
Continue readingUnitrust Conversion. A unitrust, or total return trust, is a trust that pays beneficiaries a fixed percentage of trust assets as opposed to paying them the income from the trust assets. Under Nevada law, the term “income” means an annual distribution from the trust equal to not less than 3 percent and not more than 5 percent of the net fair market value of the trust’s assets as determined at the end of the calendar year by averaging, over the preceding 3 years, both the income and principal assets of the trust (trustee or beneficiary can petition the court to...
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