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
Year: 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...
Estate planning more creative for baby boomers
Nevada residents know just how challenging the process of choosing beneficiaries for an inheritance can be. Many economists today are saying the generation of baby boomers is the generation that will face the most challenges when it comes to estate planning. The...
Biggest estate planning mistake is no estate plan
According to a Wall Street Journal writer, the biggest estate planning mistake that people make is not having a plan at all. And that is as true for someone from Nevada as it is for someone from New York or elsewhere. Others simply wait too long to make estate...
Nevada is an ideal state to call home now and later
As adults in Nevada begin considering planning for their "golden years" one of the things many consider is where to live. And as some estate planning experts say, location can be everything when it comes to preserving assets and decreasing the tax burdens of loved...
Credit card debt and estate planning
Estate planning in Nevada and elsewhere requires taking into account several different factors affecting the estate. One of those factors is credit card debt. If estate planning is managed properly, then loved ones and survivors of the deceased will not have to worry...
Inheritances possibly complicated by Steve Jobs’ family tree
When technological genius and Apple founder Steve Jobs died on October 5 at the age of 56, speculation increased about his estate and who would be in line to receive inheritances. Unlike some other famous people, Jobs knew his battle against cancer would cut his life...