Posts Tagged ‘Heirs’
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 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…
Read MoreAvoid accidently disinheriting an heir through estate planning
One of the most popular reasons for having a will is to ensure that one’s assets will be distributed according to one’s wishes. The other side to that argument is that an heir may be inadvertently disinherited without a will specifying that he or she is to receive a portion of an estate. Below are some common…
Read MoreAnother decision in estate planning is when to end a trust
Creating an estate plan requires the consideration of numerous factors. One decision that many Nevada residents make during estate planning is to use a trust. With the amount of choices that need to be made in the creation of a trust, some people may not realize that ending that trust needs to be part of…
Read MoreA probate attorney can benefit Nevada estate planning
It is no secret that many people put off generating an estate plan. This can make it difficult to ensure that a person’s wishes are honored and that beloved friends, family, charities or other entities may not receive the bequeaths that one wanted them to receive. Even people who see the importance of estate planning…
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