Archive for October 2014
What happens after estate planning documents are signed?
Once the documents are signed, many Nevada residents believe the work is done. However, once the ink dries on a person’s estate planning documents, there could be more to do. For instance, a trust document does not necessarily mean anything if it is not funded. Therefore, an individual’s property and accounts need to be put…
Read MoreBasic estate planning for Nevada residents
Most Nevada adults have been told at some point in time that they need an estate plan. Unfortunately, what that means may not have been adequately described, which could contribute to the fact that many adults across the country do not have an estate plan. If asked, many younger people might even say that they…
Read MoreWhat are the differences between revocable, irrevocable trusts
Nevada residents may not be aware that there are a number of different trusts that may be used to achieve estate planning goals. The provisions of a trust can be customized to an individual’s desires regarding when distributions will be made to beneficiaries and under what circumstances. All trusts are defined as either revocable or…
Read MoreTrusts useful for asset protection for minors in Nevada
When people decide to make plans to allocate assets at the ends of their lives, they may want to ensure that their money goes to a specific person. If the recipient is a minor, it may be necessary to take extra precaution to ensure full asset protection. Here in Nevada, one way is to create a…
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