Escobar & Associates
813.875.5100
Speak to an attorney 24 hours a day free consultations

Nevada estate planning includes trusts and wills

Ensuring that an estate plan is complete is an important step for people in Nevada. A review of all of the estate planning documents that are in place will help to ease any concern that there are assets that have not been covered or that there are beneficiaries designated who should be changed. This step, one recent report asserts, should be taken periodically.

The first consideration is whether people in Nevada have all of the documents that should be included in estate planning. These most often include a will, a healthcare directive and a power of attorney. Some individuals may also benefit from creating a trust. Trusts that are common include living trusts and those created for the benefit of minor children.

If estate planning documents are not in place, the assets of a person will be distributed as is required by state law when they die. This could lead to some potential heirs being left out or not receiving the portion that they expected. However, this is easily avoided with the creation of basic documents such as a will.

Some people in Nevada and elsewhere avoid the estate planning process because it can be difficult to consider one's own eventual death. However, it is a good step that can offer protection to potential heirs and beneficiaries. In addition, some documents are used while a person is still alive, such as a healthcare directive. Because there are many tools that should be used when creating an estate plan, people may wish to seek information about the process before beginning.

Source: SeacoastOnline.com, Estate planning by default, David T. Mayes, Oct. 6, 2013

No Comments

Leave a comment
Comment Information
  • Martindale-Hubbell | Top rated lawyer in Tampa | Richard Escobar | For Ethical Standards and Legal Ability | Martindale-Hubbell Top rated lawyer
  • Top Lawyers 2016 | Richard Escobar
  • Top Lawyers 2016 | Dino Michaels
  • Highest Possible Rating in Both Legal Ability & Ethical Standards | AV |AV Preeminent | Richard Escobar | 2016
  • Judicial Education | AV | AV Preeminent | Richard Escobar | 2016
  • CLIENT | DISTINCTION AWARD | Dino mike Michaels, Esq. | Recognized for Excellence | Quality of Service | Overall Value | Responsiveness | Communication Ability
  • 15 | YEAR | Anniversary | Proudly Serving | the Community | Since 2001 | Dino Mike Michaels

Office Location

Escobar & Associates
2917 W. Kennedy Boulevard
Suite 100
Tampa, FL 33609

Phone: 813-513-0274
Fax: 813.877.6590
Tampa Law Office Map