No matter how large or small an estate may be, estate planning is important for every Nevada resident. And while creating an estate plan is crucial, it is equally as important to keep that estate plan updated. As the years go by, thought processes change,...
When Your Life Is On The Line
Heirs & Beneficiaries
Considering heir spending habits during estate planning
When a Nevada person decides to begin estate planning, one of the main reasons is to control where assets will go at the time of death. This allows a person to express their wishes as to who will get use of their money after they die. Wills are estate planning...
Do-it-yourself wills: Do they work?
There are often do-it-yourself options for estate planning, with even some states having fill-in-the-blanks forms on their state websites, but do these types of estate planning documents provide the best benefit for residents in Nevada?Those who are trying to save...
Early estate planning can seek to avoid taxes
Estate planning is important for every Nevada resident, no matter the size of one's estate. There are even more reasons to plan and periodically review for people who have significant assets. Early estate planning can help protect beneficiaries from having to pay...
Reports discuss Whitney Houston’s estate
By now residents in Nevada have heard of the tragic passing of the legendary singer Whitney Houston. The star died in a Los Angeles hotel room at the age of 48. It is still unclear as to how Houston died, and it will take several weeks to identify the exact cause of...
Will, power of attorney key for your future
When it comes to estate planning, it may be hard to get the ball rolling but is highly beneficial for your future in the long run. Residents in Nevada who take the time to plan for the future leave their heirs a stress-free plan of attack when it comes to your assets....
How to get the estate planning ball rolling
Last week folks in Nevada and across the country remembered Martin Luther King, Jr. for his efforts in American history. His legacy is also a great example of the great need for estate planning. Currently his family is in a battle with his former secretary over...
Money isn’t the only reason to have an estate plan
Many people think that estate planning is for individuals with lots of money and assets. The recent passing of Apple CEO Steve Job is a prime example. Valued at an estimated $2.5 billion, almost everyone would agree that, with this kind of money, it's important to...
Estate tax exemption set to expire in 2013
This year marks the final year of the Bush-era estate tax exemptions-that is unless Congress acts. The Bush-era tax exemptions put forth at the early start of the millennium will end on Dec 31, 2012. So what will they look like in 2013 if they are left to expire? In...
Using estate planning as part of overall tax planning
Many residents in Nevada who are approaching retirement age are concerned about their estates. After a lifetime of work, they often wish to leave something to their children or grandchildren. Without proper estate planning, that task can become troublesome and...
