Posts Tagged ‘Estate Plan’
Understanding the tax ramifications of estate planning
When updating or creating an estate plan this year, taxes may be a concern for some Nevada residents. Understanding the tax ramifications of estate planning is essential to ensuring that heirs and beneficiaries receive the most benefit from an individual’s estate. The federal estate tax exemption and the gift tax exclusion may affect how people…
Read MoreEstate planning considerations for Nevada widows and widowers
An estimated 18 million people over the age of 65 are single. Many of them may be widows and widowers who live here in Nevada. For those who are not remarried, any estate planning that was done while married needs to be updated to accommodate the individual’s single status. During marriage, many couples leave their…
Read MoreFrozen eggs provide a unique estate planning challenge
Advances in reproductive technology provide Nevada residents with new possibilities when it comes to conceiving a child. Many women are freezing their eggs for use in the future, and this brings up a unique challenge in estate planning. The question of how and whether to include any descendants that may result from the use of…
Read MoreAnother decision in estate planning is when to end a trust
Creating an estate plan requires the consideration of numerous factors. One decision that many Nevada residents make during estate planning is to use a trust. With the amount of choices that need to be made in the creation of a trust, some people may not realize that ending that trust needs to be part of…
Read MoreThe holidays may be a good time to talk about estate planning
As the country prepares for the holiday season, families will be gathering to celebrate. For Nevada residents contemplating estate planning, this could be a good time to discuss the matter with other family members. Every member of a family is different, and making the decision regarding who will receive what and how can vary from person to…
Read MoreMaintaining control in Nevada estate planning
As Nevada residents age, they may experience a loss of control over portions of their lives, such as their health, fitness and mental acumen. This can naturally lead to them attempting to regain as much control as possible in other areas of their lives. Estate planning may be viewed as a way to voluntarily give up…
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