Archive for February 2015
Every Nevada adult needs to engage in estate planning
Once a Nevada resident becomes an adult, he or she should have some plans in place in case of illness, accident or death. Even if a person does not feel that he or she owns anything of value, estate planning is still important. Everyone owns something of value and has preferences regarding where those things…
Read MoreUnderstanding 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 MoreChoosing a guardian for a minor child as part of an estate plan
Nearly every parent wants to live long enough to see their child grow up, get married and have children of his or her own. No one wants to contemplate dying before that happens. However, it is something that Nevada parents need to think about as a final act of love for their minor child. As…
Read MoreAvoid accidently disinheriting an heir through estate planning
One of the most popular reasons for having a will is to ensure that one’s assets will be distributed according to one’s wishes. The other side to that argument is that an heir may be inadvertently disinherited without a will specifying that he or she is to receive a portion of an estate. Below are some common…
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