Posts Tagged ‘Death’
Nevada families may be in denial about aging and estate planning
Many families do not have an estate plan for varying reasons. We have previously discussed how many people dislike the discussion of estate planning because they feel that death is an uncomfortable topic (“Discussing estate planning unpleasant for many Nevada families” — August 13). There are other families that may not talk about end-of-life choices…
Read MoreDiscussing estate planning unpleasant for many Nevada families
It is not surprising to hear that many people here in Nevada might be hesitant to discuss their end-of-life directives with family members. Thinking about death is not particularly pleasant, and discussing money is sometimes considered taboo by many folks. However, a recent study actually confirms what many have suspected all along — discussing estate…
Read MorePrenup could be important piece of Nevada estate planning
When Nevada families decide to create an estate plan, they likely think it will consist of a will, medical directives and/or designation of a guardian or power of attorney. One less common potential piece could be a prenuptial agreement. These can be used by both spouses as a part of estate planning to ensure that,…
Read MoreEstate planning includes sharing information with the family
It is not uncommon for couples to allocate the responsibility of family finances to one spouse. This arrangement is often present when one spouse has a financial career. Nevada readers may agree that this could work well; however, when that spouse unexpectedly loses his or her life, the remaining spouse may be placed in an…
Read MoreEstate planning also essential for young people without children
Nevada residents may agree that death is a subject typically avoided. It remains an unpleasant subject for discussion; however, times have changed, and more people have substantial assets at a younger age. Hence, it is no longer wise to wait until one reaches middle age to consider estate planning. The future is not ours to…
Read MoreEstate planning needs occasional reviews to keep it current
Nevada residents who have done their estate planning some time ago may remember it as a tedious and time-consuming task. However, not reviewing it at regular intervals may result in some of the documents becoming outdated and no longer in compliance with current laws. Life changes may have occurred that may bring about necessary adjustments,…
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