Archive for June 2015
Pitfalls of DIY estate planning
Numerous websites and companies offer do-it-yourself wills whose biggest draw for Nevada residents is that they are not expensive. However, DIY estate planning kits are often woefully inadequate to cover a person’s needs. This means that after that person’s death, surviving family members will most likely need to go through time consuming and expensive measures…
Read MoreThe intentions in wills and trusts can be sabotaged if unaware
Nevada residents have several options when it comes to passing on their assets upon death. When an estate plan is created, most people believe that their wills and trusts will govern how their assets are distributed. Some people may be unaware that these documents will not always control what happens to a particular asset. When an…
Read MoreConsiderations when conducting estate planning
When the prospect of paying estate taxes was a concern for a larger number of people, avoiding those taxes was a primary goal. Now that the federal estate tax exemption has eliminated the need for most Nevada residents to worry about estate taxes, they can focus on other potential pitfalls that can occur during estate…
Read MoreNevada residents may want to note common estate planning errors
Nevada residents who wish to arrange for their distribution of assets, medical directives or other matters of interest to be carried out after one’s death may want to note a recent article that discusses the issue. The article stated that the estate planning process is complex and can become complicated due to tax issues, investment…
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