4 reasons why young adults should consider estate planning
Bowen Law Offices Blog
by elma.dheeksha@thomsonreuters.com
2w ago
Creating estate plans is not exclusive to those nearing their twilight years. In Nevada, adults aged at least 18 can engage in estate planning to better manage their lives and assets. They can detail their wishes and choices in an estate plan to ensure protection and support for their loved ones. For example, a parent can appoint a guardian for their kids if they die or become incapacitated. Choosing beneficiaries A last will and testament may be your primary estate plan document. Through it, you could name your beneficiaries and the assets that they will receive upon your death. On the other ..read more
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Types of motor vehicle accidents that lead to severe injuries
Bowen Law Offices Blog
by rizzyleigh.mallari@thomsonreuters.com
2w ago
An accident from a high-speed collision is different from a rear-end crash or one from a T-bone. However, all share one thing in common: how seriously they can impact people’s lives. To illustrate the effects of each, here are three types of collisions that can result in substantial injuries. High-speed collisions High-speed collisions often lead to severe and, at times, devastating injuries due to the intense force of the impact. Occupants can suffer from fractures, concussions and, in severe cases, brain or spinal cord injuries. These injuries can seriously affect a person’s entire body and ..read more
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What should you do after a head-on truck collision?
Bowen Law Offices Blog
by jerricraventextbroker
3w ago
Truck accidents in Nevada are a cause of some of the worst accidents that may happen unexpectedly. Big trucks can drift out of their lanes very suddenly because of their size, making collisions difficult to avoid. Many have no idea what to do after one of these accidents. Knowing what to expect is important. What causes head-on truck collisions? The most common causes of truck collisions are: Distracted driving – Calling or texting, eating and drinking or adjusting the radio, GPS or air conditioner while driving create serious distractions that make driving difficult. Impaired driving – Drinki ..read more
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Why entrepreneurs need estate planning
Bowen Law Offices Blog
by jerricraventextbroker
1M ago
If you are an entrepreneur, you know all about taking risks and planning for the future of your business. However, you need to protect your business and all your hard work when you are no longer around. That’s where estate planning comes in. It is not just for people with big houses and fancy cars. Entrepreneurs especially need a plan to make sure their hard work keeps benefiting the right people, even when they are gone. The following are some steps to take to build a solid estate plan. Key steps in estate planning for entrepreneurs One of the most important aspects of estate planning is for ..read more
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How to properly prepare for an upcoming divorce
Bowen Law Offices Blog
by jerricraventextbroker
1M ago
Whether it’s been a long time coming or the result of a recent problem, it’s sometimes impossible for married couples in Nevada to remain married. When divorce is in your future, the best thing to do is to prepare yourself adequately. Consider mediation While it might seem easier said than done, working with your soon-to-be former spouse can make the divorce process less difficult for everyone involved. For instance, you might assume that divorces must be highly contested proceedings involving heated arguments. Thankfully, that doesn’t have to be the case. Certain divorcing couples take a lot ..read more
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Avoid these estate planning mistakes
Bowen Law Offices Blog
by jerricraventextbroker
1M ago
Estate planning is a great way to protect your Nevada family and secure your assets for future generations. Creating these legal documents may be overwhelming, but it’s crucial to take your time and avoid making mistakes in order to ensure they’re done properly to prevent potential problems. . Choosing the wrong executor Estate planning includes choosing an executor who will handle your estate’s affairs after you have passed away. This shouldn’t be just anyone; you might want to pick your spouse or child for the role, but it’s not always best. Anyone who is overly emotional or who has financia ..read more
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Cellphone use is a bigger problem than NHTSA data indicates
Bowen Law Offices Blog
by jerricraventextbroker
2M ago
The number of people killed in motor vehicle accidents in Nevada and around the country has soared in recent years, and many road safety experts believe that a surge in cellphone use is one of the reasons why. Surveys of American drivers suggest that cellphone use behind the wheel is extremely common, but official accident data gathered by the National Highway Traffic Safety Administration indicates otherwise. NHTSA data According to the NHTSA, cellphone use was only a factor in 377 of the car accidents that killed almost 43,000 road users in 2021. That was at the time the highest accident dea ..read more
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Evidence you need after a truck accident
Bowen Law Offices Blog
by jerricraventextbroker
3M ago
Tractor-trailers are a regular fixture on Nevada roads. Although many proceed safely from one route to another, an accident can happen in a flash. If you have been in this situation and suffered injuries, you’ll need certain evidence for your truck accident case. These are crucial pieces to have to prove your claim. Medical records and bills Your medical records show that you sustained a significant injury as a result of the truck accident. They can provide detailed information about your injury and indicate whether you need continuous treatment and physical therapy. Along with your medical re ..read more
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Common reasons why people neglect estate planning
Bowen Law Offices Blog
by jerricraventextbroker
3M ago
Many Nevada residents haven’t created estate plans for themselves, even people over the age of 55. And while it may not always seem like either an urgent or pleasant activity, not doing so can create issues down the road, both after your life and during it. An estate plan isn’t just relevant after your passing – It also can determine who has the right to make critical choices about your well-being if you’re incapacitated. And if you care about the disposition of your assets, estate planning ensures your wishes are followed. But those who put off the task often cite a few common reasons. Not ha ..read more
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Reasons to consider creating a trust
Bowen Law Offices Blog
by jerricraventextbroker
3M ago
As Nevada residents consider their mortality, the distribution of their assets may become a priority. Without planning, it can be difficult to ensure your family observes your wishes. Establishing a trust offers several benefits to help guide decisions around your estate. What is a trust? A trust is a legal agreement that transfers ownership of assets to a third-party trustee. This individual maintains the assets on behalf of the beneficiaries and is responsible for distributing them according to your wishes. Most trusts fall into two categories: revocable and irrevocable. You can make changes ..read more
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