Many Nevada residents will work their entire lives with the hope of leaving something of value to their heirs. The unfortunate truth is that it sometimes does not happen as planned. Inheritances are not always guaranteed. This is especially true if the proper estate...
When Your Life Is On The Line
Month: December 2011
The future of estate tax is up in the air
As of right now, the estate tax exemption is $5 million, with a top marginal rate of 35 percent. That means for most residents in Las Vegas, the estate tax does not apply. But in 2013, the current law will expire, causing the exemption amount to drop to $1 million....
Wealthy Americans worry about inheritances left to children
More money -- more problems. At least that is the conclusion of a recent survey of wealthy Americans conducted by Barclays Wealth, although the survey results could certainly apply to even those of modest means in Nevada. Amongst its many findings was the revelation...
Probate litigation challenges university development plans
Probate litigation can be a means by which families ensure the intentions of a deceased loved one are carried out. Nevada residents may be interested to learn the heirs of the former owners of Belward Farm -- a Civil War-era farm -- have filed a lawsuit against Johns...
Children of tycoon’s wife fighting for his Panama estate
For Nevada residents wondering if proper estate planning is a good idea or not, the following story may answer that question. In 2006, an American multimillionaire died and left the majority of his fortune to a new foundation that was intended and dedicated to feeding...