Archive for January 2014
Traditional estate planning may not serve today’s families
The structure of today’s families is not as cut-and-dry as it used to be. Numerous Nevada couples were married before and/or have children from a prior relationship. As a result, traditional estate planning most likely will not meet the desires and goals of an individual. The traditional path of succession after one spouse dies is…
Read MoreSingle parents in Nevada may want to consider estate planning
Very few Nevada residents would disagree that being a single parent is a challenging — yet rewarding — job. Single parents spend every day doing whatever they can to make their children’s lives better. One area where many of them may be lacking, however, is in estate planning. No one likes to think of the…
Read MoreThe purpose of advance medical directives
When most Nevada residents think of estate planning, they think about wills and trusts. However, other documents are just as important — if not more important — during the life of the individual creating the estate plan. Advance medical directives allow one to make decisions regarding his or her health care in advance of a time…
Read MoreEstate planning and passing on the family business
As Nevada small business owners are aware, owning a company as a family can be rewarding, challenging and stressful all at the same time. Some family members enjoy working together, but others have different paths. Therefore, dealing with passing on the business can be a delicate issue during estate planning. Few people seek to create…
Read MoreWills: The cornerstones of estate planning for Nevada residents
Nearly every adult Nevada resident has at least some assets to be distributed in the event of death. Complicated estate planning is not necessary for every person. What every person does need, however, is a will, which may be considered the cornerstone of any estate plan. After gathering all of the necessary information regarding one’s assets,…
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