Archive for August 2014
The role of trusts in asset protection in Nevada
When a person begins to consider the end of his or her life, he or she may question how assets will be allocated and protected during the process of probate. If a person has not made specific directives, some of their assets and property may be received by an undesirable party. One of the ways…
Read MoreNevada 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 MoreUsing durable powers of attorney in Nevada for healthcare choices
When creating an estate plan in Nevada, there are several points to consider. One provision people may not think about is what they may require if their health fails near the end of their lives. They may need someone who can handle their medical decisions if they are unable to do so themselves. Granting a…
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 More
