There are many reasons that people in Nevada enter into the estate planning process. In many cases, they turn to commonly used tools such as wills and trusts as they begin estate planning. However, one recent article notes that are additional steps to be taken to ensure that all of the wishes of an individual are expressed as to how and what they wish to have done when they die.
The author of the article notes that even after common estate planning documents are complete, people should consider creating additional items such as a medical directive or power of attorney. Documents pertaining to burial desires can also be included in an estate plan. These items could make the decisions as to end of life care or burial options easier for the executor of an estate when the creator of the documents dies.
Once completed, all estate planning should be placed in a secure location such as a bank safe deposit box. The person seeking to create an estate plan may wish to provide access to the safe deposit box to a trusted friend, relative or the executor of the estate. The documents included in the safety box may also contain information as to passwords and any digital assets.
Estate planning can appear complicated to people in Nevada because of the sheer volume of documents needed. The good news is that because there are so many available options for estate planning, the wishes of each individual can be adhered to, even after they die. To determine which documents should be used, a person seeking to enter into estate planning may wish to review the tools available and their potential customizations.
Source: Huffington Post, “9 Ways To Make Things Easier For Your Survivors,” April 20, 2013