When you have a will, it’s easy to think your assets will go exactly where you want. However, in Nevada, beneficiary designations often control over your will for certain assets. Retirement accounts, life insurance, and payable-on-death (POD) accounts go directly to...
Protecting Your Wealth One Piece at a Time
Estate Planning
How does Nevada treat jointly owned property in estate planning?
Joint ownership can look simple, but Nevada law gives each ownership type different legal effects at death. The way property is titled controls who receives it, whether probate applies, and how estate plans operate. Understanding these rules helps you avoid outcomes...
What happens to your estate plan if you move out of Nevada?
Moving to a new state can affect how your estate plan works. Nevada laws control how wills, trusts, and other documents operate, and those laws may differ in your new state. Your plan does not stop working when you move, but parts of it may work differently. Reviewing...
How are business succession plans tied to Nevada trusts?
Running a business takes years of effort, but planning for what happens next matters just as much. In Nevada, many business owners connect their succession plans to trusts to protect the company and reduce disruption during a transition. This approach supports...
How can special needs trusts help families in Nevada?
Families who support a loved one with disabilities often worry about long-term care. You want to protect their future while keeping access to important benefits. A special needs trust gives you a structured way to do both. How a special needs trust works A special...
How can blended families plan fair inheritances in Nevada?
Blended families often bring love and connection, but they can also make estate planning more complex. When you have children from a prior relationship or a new spouse, deciding how to divide your estate can feel challenging. Careful planning helps ensure fairness and...
Should you create a trust for your pets in Nevada?
You want your loved ones cared for after you’re gone, and that includes your pets. In Nevada, you can create a pet trust to ensure your furry friends receive the same love and attention they do now. This simple estate planning tool lets you decide who will care for...
What is the role of a standby or successor trustee in your trust?
When you create a trust, you take on the role of the trustee while you’re alive and able to manage your affairs. But what happens if you can’t handle those duties anymore? That’s when a standby or successor trustee steps in. This person ensures your trust continues to...
How can a family trust help protect real estate?
Creating a family trust can be one of the most effective ways to protect real estate in Nevada. Many people want to ensure their property stays in the family, avoids unnecessary legal issues, and is passed on smoothly. A trust provides a legal structure that helps you...
How can LLCs be beneficial in estate planning?
Estate planning often brings to mind wills and trusts, but limited liability companies (LLCs) can also play an important role. LLCs provide unique ways to protect assets, manage family businesses, and reduce tax burdens. Understanding how they fit into a plan can make...
David A. Straus is the author or co-author of many publications.
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