It is never easy to imagine what will happen to property and assets after a person is gone, but estate planning is a vital step for many Nevada residents. Some people who delay this process could find that it may be too late because of a sudden accident or...
When Your Life Is On The Line
Heirs & Beneficiaries
Leaving an inheritance for children requires careful planning
Many Nevada residents want to leave an inheritance for their children. However, leaving a large sum of money for children or for personal care later in life requires careful planning and legally binding documents. The most common ways to do this are through wills and...
Paul Walker’s estate planning provides for his daughter
Most everyone in Nevada knows that on Nov. 30, 2013, actor Paul Walker died in a car accident. Walker's parents and 15-year-old daughter survived him. Recently, Walker's father filed a probate for his estate. It turns out that Walker's primary estate planning goal was...
How are children affected by public wills?
When the famous billionaire Harold Simmons passed away, Nevada residents may remember the interest shown regarding his children and the will. Because of the large amount of wealth and valuable assets to be distributed, lawyers for Mr. Simmons' children have asked that...
Nevada estate planning can benefit from a review at the start
For many people in Nevada, estate planning means the use of tools such as a will or trust, powers of attorney and long-term care planning. By using these in estate planning, individuals in our state can ensure that their wishes are followed when they die or become...
Martin Luther King’s children act as executors of his estate
Many in Nevada recall the heroic actions of Dr. Martin Luther King and his compatriots during the 1960s. Those involved in the civil rights movement fought to gain equal rights for all people. Their efforts made Dr. King a legend. It is that image that is at the...
Nevada estate planning can help avoid some litigation
Railroad baron William Clark made vast sums of money at the end of the 19th century. He left behind only one daughter when he died. That woman, Huguette Clark, died in 2011 at the age of 104. She did not have children but left estate planning documents. This and other...
Nevada estate planning often includes the use of a trust
In Nevada, it is common for people to use trusts as a part of their estate planning efforts. In most cases, the trust that is created takes ownership of assets that are held for distribution at the time of the death of the creator of the trust or other event. In...
Nevada estate planning can include blended families
In Nevada, there are many considerations as people begin to think about an estate plan. Among those are the need to determine exactly who is considered family, a recent report asserts. This is important, particularly for those who are interested in estate planning for...
In Nevada, estate planning can benefit all involved
Avoidance of taxes such as the estate tax are not the only reasons that people in Nevada should consider estate planning, a recent article asserts. In fact, estate planning for tax avoidance is just one of the many benefits that can be offered by taking such an...