Archive for April 2017
Nevada medical directives: It’s never too early to plan ahead
Younger, healthy residents of Nevada may feel like estate planning is something to consider in a distant future. Advance health care directives and powers of attorney may seem like issues that do not yet concern them. However, without advance health care directives, individuals who become incapable of communicating their wishes are essentially forfeiting their autonomy.…
Read MoreNevada revocable trusts useful in cases of unequal inheritances
Often, Nevada parents divide their assets equally amongst their children after death. This approach, however, may not fit all families or all situations. For any of a variety of reasons, parents may wish to leave their children inheritances that they may consider fair but unequal, and in these cases, revocable trusts can be useful. Take,…
Read MoreNevada wills only work if the families know where to find them
A will is an essential part of any Nevada estate plan; that is, of course, so long as the beneficiaries can locate it. A recent survey indicates that a significant number of individuals die without communicating the location of their wills. This, in turn, often leads to unnecessary confusion and family conflict at an already…
Read MoreFrequent review of Nevada estate planning documents is advisable
Though it would certainly simplify matters, creating an estate plan is by no means the end of the process. Not only do people’s wishes and goals tend to evolve over time, but changes in family dynamics and financial circumstances are common and frequently necessitate an update in documentation. Additionally, Nevada estate planning laws may change…
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