David Bowie’s death was certainly sent shockwaves throughout the music industry. When people of Bowie’s stature pass away, their financial status often becomes a discussion topic depending on what they leave behind. In Bowie’s case, his family, heirs and close...
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Probate & Estate Administration
Assets that may not need to go through probate
If you discover that you have been named an executor to a loved one’s estate, or if you already know that you will be responsible administering his or her estate, the probate process may be completely unfamiliar to you. This is understandable, and you may have fears...
What can happen to your debts after you pass away?
If you are up in age and are dealing with crushing debt, you may wonder what happens to your debt after you pass away. After all, it is a legitimate concern for elderly Nevada residents, as they certainly don’t want to be a burden on their families, and they may not...
Will the IRS stop issuing closing letters?
When it comes to dealing with the IRS, two things are certain: the power to collect taxes appears to be absolute absent some notable exceptions, and changes are always on the horizon. Indeed, there are a number of changes in store for taxpayers in 2016, but this post...
Nevada families may be aware of estate administration problems
The process of leaving assets and funds to loved ones may get more complicated than families expect. Even if Nevada families go through the proper processes and ensure that everything is handled when it comes to estate planning, the estate administration process can...
Steps to take for proper estate administration
Estate administration can be a complicated and confusing process, as many Nevada couples may already know. This is why it is especially important to ensure that every proper document is in place, and that the administrator knows how to handle his or her role after the...
Estate administration requires collecting assets, paying debts
When someone dies, the need arises to determine whether an estate must be filed and administered. Where the decedent has left a will and there are significant assets that he owned at death, the estate must be filed. The same applies if there is no will but there are...
Nevada probate allows creditor claims during specified period
Michael Jackson is a name that is well known to our readers in Nevada. He gained fame as a child star in the Jackson 5 musical group and continued on to become the 'King of Pop.' The talented singer was also the subject of many assertions of sexual abuse and even a...
Estate administration affected by estate tax values
Estate planning is often done with the intention of leaving money to heirs or turning over ownership of a family business so that it can continue to operate into the next generation. However, for some in Nevada and across the nation, estate administration faces...
Probate of will can be complicated by online presence
Planning an estate that adequately reflects your wishes is a main goal for many who take on this process in Nevada. Seeking to leave assets or gifts to an heir or beneficiary, or to avoid probate, many in Nevada create an estate plan using a number of available tools....
