Estate Planning
The growing necessity for digital asset estate planning in Nevada
Residents of Nevada who do not yet have a will or trust are most likely at least aware of the value of these documents. However, a newer aspect of estate planning is growing rapidly in importance. It’s one that some individuals may not yet have given much thought: digital assets. As people’s online existence becomes…
Read MoreUpdating wills and trusts is an important part of estate planning
As time passes, circumstances change, as do opinions and relationships. Often, for residents of Nevada, this fact is reflected in how quickly estate planning documents like wills and trusts become outdated. Common advice holds that even an annual review of the documentation in an estate plan would not be too frequent. When it comes time…
Read MorePost-tax season a good time to consider estate planning in Nevada
The best time to start thinking about financial planning for the future is always right now. However, post-tax season tends to be an especially good time to consider estate planning, as many residents of Nevada have just taken stock of their finances. While there are many things to consider, there are a few items of…
Read MoreTips 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 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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