Posts by Ryan Johnson
Tips for avoiding probate with Nevada estate planning
For a variety of reasons, individuals sometimes wish to avoid probate. A revocable living trust is one way to avoid the process, but some residents of Nevada may mistakenly have heard that joint asset ownership between couples achieves the same result. This, however, is only accurate when the first spouse passes away. Further steps need…
Read MoreNevada 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 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…
Read MoreRevocable trusts are a valuable estate planning tool in Nevada
Terms like “estate planning” and “trusts” may sound like issues only the extremely wealthy need to consider. In reality, however, this line of thinking couldn’t be further from the truth. For Nevada residents hoping to pass along assets to family and loved ones after death, revocable trusts may provide just the approach they are looking…
Read MoreThe importance of estate planning in Nevada for young families
All too frequently, young parents with small children procrastinate making a will because they assume there is not much point at this stage. They may think that everything will automatically go to their spouse or that they don’t own enough assets to bother. However, the lack of adequate estate planning for Nevada parents can prove…
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