Archive for September 2016
Estate planning can benefit everyone — not just the wealthy
Nearly everyone here in Nevada and across the country wants to leave behind a legacy for their children. However, many people still fail to plan in order to make that happen because they do not believe that they are wealthy enough to need an estate plan. The truth is that estate planning is necessary for…
Read MoreEstate planning mistakes that could cost heirs an inheritance
One thing is certain — everyone is going to die. However, no one knows at what point in their lives it will happen. While many Nevada residents engage in estate planning, some make costly mistakes by attempting to do so alone. Many others make the mistake of not doing any planning at all. Both situations…
Read MoreEstate planning needs reviewing after major life events
Few Nevada residents’ lives stay the same as they age, and how they wish to take care of their family after their death could change based on major life events. For example, estate planning done 10 years ago might not accurately reflect how their lives look today. Therefore, it is essential to review an estate…
Read MoreEssential elements needed for estate planning
Once Nevada residents decide to create a plan to provide for their loved ones after their death, they have some preliminary tasks to complete. Estate planning is about the distribution of an individual’s assets, payment of liabilities and performing other tasks to close the estate. Those tasks cannot be effectively or efficiently completed without certain…
Read MoreHow estate planning is affected by a second marriage
Many Nevada residents take the appropriate steps during their first marriages to provide for their loved ones after death. If they divorce, further estate planning may be required in order to account for the changes that families undergo when that happens. When the chance to remarry arises, the estate plan will once again need to…
Read More