Posts Tagged ‘Executor’
Administering wills and trusts after the death of a loved one
When a Nevada family loses a loved one, his or her estate will need to be probated. Estate planning documents such as wills and trusts provide family members with instructions as to how to distribute an individual’s property. If the documents were kept up-to-date and do not contradict one another, an executor’s job could be…
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 MoreEstate planning considerations for Nevada widows and widowers
An estimated 18 million people over the age of 65 are single. Many of them may be widows and widowers who live here in Nevada. For those who are not remarried, any estate planning that was done while married needs to be updated to accommodate the individual’s single status. During marriage, many couples leave their…
Read MoreThe benefits of organization in Nevada estate planning
Many Nevada residents have created an estate plan that passes on their property to friends and family in accordance with their wishes. However, estate planning alone may not be enough. If the executor of an estate and/or the decedent’s friends and family are not able to locate important documents needed after an individual’s passing, the…
Read MoreThe importance of detail in Nevada estate planning
When people think of estate planning, they generally think of the larger picture. However, there are often smaller details that can get overlooked. Not sharing final wishes or documentation with designated beneficiaries can have a significant effect on aspects that are very important to the estate holder. Here in Nevada and elsewhere, it is crucial…
Read MoreEstate planning needs occasional reviews to keep it current
Nevada residents who have done their estate planning some time ago may remember it as a tedious and time-consuming task. However, not reviewing it at regular intervals may result in some of the documents becoming outdated and no longer in compliance with current laws. Life changes may have occurred that may bring about necessary adjustments,…
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