Posts Tagged ‘Death’
Estate planning is just as important as planning for retirement
When Nevada residents plan for how they will spend their retirement years, some may neglect to consider what will happen if they become incapacitated or die. Contemplating these events may not be pleasant, but it is necessary. Estate planning needs to have as much priority as retirement planning — especially since no one knows what…
Read MoreCouples without children face unique estate planning issues
For most Nevada couples who have children, deciding what to do with their estate does not take much thought. The main goal is to provide for their children after their death. However, estate planning can be a challenge for couples who do not have children. Just because a couple is childless hardly means that estate planning…
Read MoreEstate planning without an attorney could backfire
The Internet has opened up a completely new world of options for Nevada residents. However, just because certain information is available does not mean that it is the best course of action to use it. This is especially true when it comes to estate planning for a variety of reasons. The first reason is that…
Read MoreGetting married for the second time? Estate planning is a must
After a divorce, some Nevada residents believe they will never find love again. Fortunately, many people are fortunate enough to fall in love again. Getting married for a second time, however, means that estate planning takes on a new meaning, especially for those who have children from previous marriages. In many cases, spouses leave everything…
Read MoreEvery Nevada adult needs to engage in estate planning
Once a Nevada resident becomes an adult, he or she should have some plans in place in case of illness, accident or death. Even if a person does not feel that he or she owns anything of value, estate planning is still important. Everyone owns something of value and has preferences regarding where those things…
Read MoreUnderstanding the tax ramifications of estate planning
When updating or creating an estate plan this year, taxes may be a concern for some Nevada residents. Understanding the tax ramifications of estate planning is essential to ensuring that heirs and beneficiaries receive the most benefit from an individual’s estate. The federal estate tax exemption and the gift tax exclusion may affect how people…
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