Protecting Your Wealth One Piece At A Time
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...
Estate planning attorneys often work with clients who want to leave behind a legacy. Legacy, though, is a nebulous concept that can be difficult to contextualize. Indeed, what is important for one person is unlikely to matter as much to another. Having a comprehensive...
If you are a parent, your top priority is the safety and well-being of your kids. Because you have a spouse, your kids have a backup parent in the event that either you or your spouse dies. Sometimes, though, both parents die simultaneously. That is exactly what...
If you have valuables, such as jewelry or rare coins, it probably makes sense to lock them in a safe somewhere inside your home. For added security, you even might want to invest in a safe deposit box at your local bank. These boxes can be somewhat expensive, though....
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...
Business owners in Nevada who want to make sure their life’s work continues after they are gone need to think about how to address this objective in estate planning. A trust can work well under these circumstances, but it is imperative to know how to ensure the...
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...
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...
Drafting a will is a responsible decision. A valid will ensures that your assets will be distributed according to your wishes after you die. When you have your will drafted, you must appoint an executor. This is a person legally responsible for distributing assets,...
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...
David A. Straus is the author or co-author of many publications.
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