Archive for January 2017
Nevada revocable trusts need proper funding for full benefits
For residents of Nevada, trusts can be a valuable part of estate planning. Revocable trusts can offer substantial benefits, from probate avoidance to asset management in the event of incapacitation. However, it’s important to note that these benefits won’t exist if the trust isn’t properly funded. Undesirable tax consequences may arise when moving a qualified…
Read MoreRevocable trusts offer more benefits than Nevadans might realize
Many people in Nevada think that their estate planning is complete once they have completed a last will and testament. However, an alternative they may not have considered involves revocable trusts. This option acts similarly to a will, but may in fact prove to be better suited to many people’s needs. One of the biggest…
Read MoreNevada estate planning: Naming a power of attorney
What, exactly, is a power of attorney? It’s an aspect of estate planning that many in Nevada may not have considered. If unforeseen circumstances leave an individual’s family or loved ones in a position where they need to make important decisions that could have major consequences for all involved, a power of attorney could solve…
Read MoreAsset protection while providing for a child with a Nevada trust
When establishing a will, treating children differently may cause more harm than good. Often, leaving different amounts to different children can lead to damaged sibling relationships or even the will being contested. However, from a child with special needs to asset protection, there are circumstances under which it might be beneficial for a Nevada parent…
Read MoreNevada estate planning important for loved ones
No one enjoys thinking about their death and how it will affect their family members and loved ones. This is why estate planning frequently falls to the bottom of the To Do list; everyone knows it is important, but it can be such an unpleasant topic that people tend to procrastinate. However, for residents of…
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