When doing estate planning, it is crucial to consider the long-term care and financial security of your loved ones, especially if you have special needs children. Planning ahead can provide peace of mind and ensure that your children with special needs continue to receive the care and support they require. Learn about important considerations for including special needs children in your estate plan. Establish a special needs trust Establishing a special needs trust allows you to set aside funds for your child’s future needs without jeopardizing their eligibility for government benefits, such a ..read more

Even when you finalize your estate plan, you should actively maintain and update it as needed. Overlooking important steps could cost you a lot of money and jeopardize your plan’s value over time. Updating your plan the right way enables you to maintain its effect despite life-changing circumstances. Your heirs will appreciate the effort you take to keep things as clear and current as possible. Incomplete updates A reliable estate plan involves a lot of moving pieces that directly impact each other. When you notice something that needs updating but you overlook other related aspects, it could ..read more

Nevada residents who have a health care power of attorney as part of their estate plan will name someone they trust to be their agent. However, there are common concerns as to what can happen if, for example, that agent cannot fulfil their duties. People who want to cover all the possible scenarios—especially with something as sensitive as a health care power of attorney—might want to think about whether they should have more than one person who handles the duties inherent with this critical document. Having a professional’s help with making this decision is useful. Should I have co-agents or ..read more

Many Nevada residents use a will to ensure their loved ones are taken care of and their property goes where they want it to go. Of course, life goes on after an estate plan is created. It is inevitable that changes will occur and it is important to know how these might affect a will. One situation that can be confusing involves a child who is born after the will was made and was therefore not mentioned in the document. A child born after a will is written does have certain rights According to Nevada law, a child who was born after a will was made still has rights to part of the estate. The cas ..read more

An important part of any Nevada resident’s estate plan is that person’s financial durable power of attorney and their health care durable power of attorney. The financial document allows another individual, who often is but does not have to be a family member or trusted friend, to handle a person’s financial affairs. The healthcare power of attorney allows another individual to make healthcare decisions, even those involving life and death, for the person. This individual can but need not be the same as the individual named in a financial durable power of attorney. The individual, called an at ..read more