The future is unpredictable, and while one cannot control or know what will happen, there are steps a person can take that will allow him or her to have a measure of control over legal and financial matters. Through an estate plan, it is possible to have the final say over certain things, like potential medical care needs and the distribution of personal assets after passing. Regardless of age, the size of one’s Nevada estate and certain medical needs, there are things to address immediately. Steps to a complete estate plan There is no one-size-fits-all strategy to estate planning. The specifi ..read more

While there is no way to predict what will happen in life, there are ways that one can prepare for contingencies that may arise in the future. One of the most effective ways to do this is by creating a complete and thoughtful estate plan that includes plans for medical emergencies, one’s own passing and other situations that could arise. Preparing for unexpected situations in life is beneficial for Nevada adults of all ages and income levels. Important documents and planning for the future While every estate plan is different, there are some basic elements that are important for most long-term ..read more

The death of a loved one is one of the most difficult things that you and your family may go through. During your time of grief, you may also face the challenge of settling his or her estate, a process that will first require you to consider his or her expressed wishes for what happens to assets and personal property. His or her will should outline details regarding the distribution of estate assets and other important things, such as the designation of the executor of the estate. You may experience feelings of disappointment and confusion when you hear the terms of your loved one’s will. Perh ..read more

Planning for the future can be an emotionally challenging process as it is not easy to consider what will happen to one’s property and assets after passing away. Estate planning can be difficult as it requires a Nevada adult to consider his or her own mortality and other sensitive topics. Despite the complexity of estate planning, it is important to be cautious and careful while navigating this as even simple mistakes committed during the process could result in complications.  Minor missteps can lead to major problems  Even a simple mistake made during the estate planning process ca ..read more

In most cases, people will leave their property and assets to their family members after they pass away. For adults who have kids, this may mean leaving their estate to their kids, which can be a more complicated endeavor than many assume. Siblings may dispute over their parents’ estate, and these problems can eventually lead to a complex legal battle that impacts every member of the family. It is helpful for Nevada family members to understand inheritance rights and how to protect their interests. What determines inheritance rights? There are many reasons why disputes arise between siblings o ..read more

By creating a will, an individual is expressing wishes regarding what should happen to personal property after his or her passing. This document can give clear instructions regarding how the executor should distribute assets and what will happen with other parts of the decedent’s Nevada estate. However, after the death of a loved one, you may find that there are issues with the will that could affect the fair distribution of assets or the rights of heirs and beneficiaries. Problems with a will are a significant legal challenge. One of the only ways you can confront issues with an estate plan a ..read more

An important aspect of creating a comprehensive estate plan is identifying the elements that are necessary for the individual situation. While each plan is different, there are certain basic documents that will benefit most Nevada adults, including a will, living will and durable power of attorney. However, there are times when additional estate planning tools may be beneficial, including the creation of a trust.  The benefits of a trust  A trust is an estate planning tool that allows one to set aside and protect assets for a specific use. This is not something that only benefits the ..read more

It is beneficial to discuss estate plans with loved ones, but this is often a difficult conversation to have. Nevada family members may be reluctant to discuss their decisions, financial matters and other sensitive issues related to their wishes for the future, but this is an important conversation to have. By talking about intentions, wishes and plans for the future, complications may be reduced when it is time to settle the estate.  Starting the discussion  One of the most helpful ways to gain an understanding of one’s estate plans and wishes regarding his or her assets is to ask c ..read more

The purpose of creating an estate plan is to have the final say over what happens to estate assets and property after passing away. It allows one to care for loved ones, make important medical decisions and have peace of mind for the future. However, having a plan in place does not guarantee that there will not be issues when it is time to settle the Nevada estate. Disputes between heirs and beneficiaries are common, and these matters are not always easy to resolve. There are multiple reasons why family members may fight over the terms of a will. Some of these are due to lingering resentment f ..read more

One of the primary reasons why one may avoid talking about the future is the fact that an individual may not want to think about what will happen after death. This can be an uncomfortable thought, but creating an estate plan is an important and prudent step for everyone. Additionally, it is critical to also discuss certain details of an estate plan with loved ones and family members. The success of an estate plan After making an estate plan, a Nevada adult may think the work is done. However, the success of a long-term legal and financial strategy may depend on discussing the details of that p ..read more