It is never too early or too late to start the estate planning process, no matter your age or financial status. Experts have come up with some things to do and things to avoid as you embark on your estate planning journey. Here are some tips on how to handle the...
Protecting Your Wealth One Piece At A Time
Estate Planning
Unique wealth preservation challenges for entertainers
Las Vegas looks on with a mix of awe, reverence and perhaps a bit of envy at the talent, audacity and brilliance of those entertainers who have reached that precipice of fame and fortune that so few can attain. In the world of sports and entertainment, many of the...
Is my will revoked if I get married or divorced in Nevada?
People who have a will as part of their estate plan in Nevada generally name close family members as heirs. That will include a spouse. However, divorce is quite common and people might need to change their will to address the new circumstances. After the divorce,...
For older Millennials, is now the time to estate plan?
For older Millennials, 40 may already be here, or it is on the horizon. You may now be closer to 60 than to 20, and while you may still feel young, it is definitely time to start acting like an adult. However, one of the most overlooked adult places is Las Vegas,...
What can a will do and what can it not do?
As you age you likely know many people with wills, even if you do not have one yourself. In fact, if you are new to estate planning you might not understand the power of a will. The following is a brief overview of what a will does and what a will does not do. What...
Talking to your parents about estate planning
When we are young, we assume our parents will always be around. However, as we grew older, we realize that our parents are growing older, as well, and the reality is that they will not always be in our lives. If our parents do not have estate plans set up, talking...
Advantages of an asset protection trust
Nevada residents who have accumulated valuable assets know the important role estate planning plays in protecting those assets. One way to protect those assets is through an asset protection trust, also called a self-settled spendthrift trust. An asset protection...
Life insurance and your trust
There are so many things to consider when making future plans, especially when deciding how to provide for your loved ones should you no longer be there. Ensuring that estate assets will be safe and easily accessible when the time is right can be challenging....
Learn about the types of charitable trusts
Las Vegas residents who wish to contribute to a non-profit or charitable organization they support may consider setting up a charitable trust. Before doing so, it is important to have a thorough understanding of the different types of charitable trusts available, and...
What makes a will valid in Nevada?
Many Las Vegas area residents have gone through the process of creating a will. This is a good way to ensure their wishes are followed when they pass away. But it is important to make sure the will is a valid legal document. So, what makes a will valid in Nevada?...
David A. Straus is the author or co-author of many publications.
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