Many Nevada residents believe estate planning is only for the elderly or the wealthy. Both of those beliefs are incorrect. No matter what your stage of life, it is beneficial to begin the estate planning process today. Establishing guardianship Perhaps the most important aspect of estate planning involves determining guardianship for any minor children. Most parents determine emergency guardianship of their children shortly after they have their kids. As is the case with other parts of an estate plan, this is something that you can review periodically. Inventory your assets One of the most ful ..read more

Making financial decisions now can ensure that loved ones do not deal with unnecessary stress if you die or become incapacitated. Here are four things you can do in Nevada to avoid becoming a financial burden on your adult children and leave a legacy. Create a will Many people have mistakenly thought that their money and assets would go to their loved ones when they died without a will. Unfortunately, that is not the case. This legal document should be the foundation of your estate planning. After choosing your beneficiaries, the will ensures that your wishes get carried out. Think of your dep ..read more

The Office of Traffic Safety reports that speeding is the leading cause of car accidents in Nevada. In Las Vegas alone, there’s an average of 55.6 car accidents per day. Various injuries can occur during these accidents, but the potential for head injuries is high. Concussion Around 289,000 concussions occur per year because of car accidents. The injury occurs when the brain moves violently within the skull. A jolt to the head or movement that shakes the brain can result in a concussion. Symptoms are headaches, nausea and confusion. Light and noise sensitivity is also possible. Skull fracture ..read more

As an insurance policyholder in Nevada, you’d like to believe your claims will be handled promptly and fairly. But unfortunately, that’s not always the case. At times, insurance providers reject claims for spurious or unjust reasons. If this happens to you, filing an insurance bad faith lawsuit might be an option. In essence, a bad faith lawsuit contends that the insurance provider acted improperly in rejecting or denying a claim, and if you’re successful you could be reimbursed. But filing a bad faith lawsuit requires meeting certain standards of proof. The definition of insurance bad faith I ..read more

When a spouse dies, the survivor often has a liquidity problem for several months following the death. The surviving spouse usually is a woman, although not always. Whether a widow or a widower, Nevada residents can avoid cash flow problems when their spouse dies if they plan ahead. Avoiding limited resources A spouse’s death, even when expected following a long illness, puts a lot of stress on cash assets. While many people have a durable power of attorney in place that allows a spouse to access investment and other accounts when a spouse is incapacitated, that estate planning document expire ..read more

Keeping your documents updated with changes in your life is essential to estate planning in Nevada. One of the ways you can ensure that your documents meet your current needs is to develop a codicil to your will. Writing an addendum is a quick and easy way to change your choice without completely rewriting the entire document. What is a codicil? A codicil is a supplement of any kind to your will. They are a valuable tool of estate planning in that they can alter, change, add to or subtract from provisions in a will. Generally, people use codicils instead of writing an entirely new document if ..read more

Estate planning is a complex process for many Nevada residents. There are a lot of emotions involved, along with complicated steps. Because of this, it’s not uncommon to forget essential estate planning steps. There are a few essential things that you should make sure your estate plan covers though. Who makes decisions if I become incapacitated? It’s a nightmare scenario for many families, but it’s important to know who will make decisions if you can no longer do so. You’ll often need a healthcare proxy and a power of attorney. A power of attorney will manage your finances and legal affairs, w ..read more

It is impossible to predict the future. However, leaving questions about settling your estate until it is too late could make things even harder for the loved ones you leave behind. For this reason, it is important to answer key questions now and use them to create an estate plan in Nevada today. What does an estate plan look like? Simply put, an estate plan is a group of documents that lay out how you want your assets, money, and other property to be distributed after you die. This makes it easier for your loved ones to handle your affairs as they mourn your loss. An estate plan can be used t ..read more

Common injuries stemming from car accidents are head trauma, whiplash and spinal injuries. However, depending on the situation, Nevada residents can also be left with eye problems after a collision. These are the most common of those injuries. Chemical burns After a car accident, airbags may deploy as a safety precaution. However, if the airbag isn’t working properly, vapor or powder can be expelled from it. If these substances get into your eyes, it can lead to chemical burns and even blindness if you don’t get immediate medical treatment. Orbital fractures An orbital fracture can occur if yo ..read more

While Nevada is home to the gambling hub of Las Vegas, your estate plan is never something you want to take chances with. Unfortunately, many people make mistakes while trying to tackle estate planning alone. Underestimating the complexity of your estate plan Some people can complete the estate planning process quickly, and others can’t. However, those with large estates need to realize how complicated it can be to plan something so massive. Making mistakes with your estate plan can lead to delays and paying unnecessary estate or tax-related expenses. Many people with moderately sized estates ..read more