For many in Nevada and elsewhere, there has been a change of perspective on the amount of inheritance that they may be able to leave their heirs at the time of their death. This may be due, in part, to changing economic times and the longer lifespan that many can...
When Your Life Is On The Line
Inheritances
Estate planning considerations for farmers and family business owners
Agriculture in Nevada is a large industry that is comprised of family farms and ranches across the state. Readers who are both farmers and interested in planning an estate may be interested to learn about recent changes to the inheritance tax in another state. This...
Prince William benefits from Diana’s estate on his birthday
Readers in Nevada may be interested to learn about new developments in the estate of Diana, Princess of Wales. Prince William, her eldest son and heir to the throne of England, turned 30 on June 21 and became the beneficiary of his mother's estate. The princess...
Baby boomer estate plans often leave children out
For many in the baby boomer generation, it is more important to pay for today's expenses than to plan for the inheritance of their children. In fact, it may surprise some in Nevada to learn that only 55 percent of boomers think that leaving money to offspring as a...
Estate plan may change as new economic realities set in
More people in Nevada and across the country are concerned about leaving large inheritances for their heirs when they die. This may be due to the recent economic recession which saw college graduates returning home due to the inability to find employment and adult...
Heirs of billion-dollar estate fight in court over distribution
When large amounts of assets are set to be divided after the death of a person, some families turn to litigation. This has occurred as a result of the deaths of the founder of the company that created Gore-Tex and his wife. Nevada readers may be interested to learn...
Planning a Nevada estate: Can spending by heirs be controlled?
When a person in Nevada plans an estate, they often consider what they want the person to do with the inheritance they are receiving. In some circumstances, an estate may leave large sums of money to beneficiaries who were not necessarily expecting it. This can be...
Las Vegas casino part of estate sale
Las Vegas residents may be aware that Fitzgerald's Casino was sold last October to Golden Gate casino's majority owners. What residents may not know is that representatives of the estate of Don Barden negotiated and arranged the sale. Barden was the first...
Handwritten will of Las Vegas police officer honored
Creating an estate plan in Las Vegas, including a will, which defines the desires of a person as to where their assets will go at the time of their death, can be very important. A will typically directs the executor of an estate to distribute property and other assets...
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...