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...
Protecting Your Wealth One Piece At A Time
Estate Planning
Can more than one person handle my health care power of attorney?
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...
No executor for your will? Here are your options
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,...
Nevadans should carefully consider powers of attorney
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...
How is a charitable trust different from other giving?
There are lots of ways a Las Vegas resident can give to a charity of their choice. They could, for example, choose to make a one-time gift or do regular donations while they are still alive. They also might wish to leave a bequest to their favorite charities in their...
Your religious values can be reflected in your estate plan
Our religion can influence our core beliefs about how we live our life and what will happen after we pass away. It is an essential part of who we are. Thus, it is only natural that your preferences for end-of-life care are based on your religious beliefs. To make sure...
When probate is necessary and when it can be avoided
When you hear the term probate, it is likely that you think of a process you want to avoid at all costs. While it is in fact a process many individuals attempt to avoid through careful estate planning, the reality is that many families will end up facing it. Although...
What is a will contest?
Nevada probate courts take wills very seriously. There are many formalities and requirements involved in making a valid will, and if these appear to be met, a probate court will likely declare the will valid and legally enforceable. There are times when family members...
Can I protect my assets from creditors and lawsuits?
The quickest way to lose everything is to lose a lawsuit, especially with creditors. However, there are laws designed to protect your wealth. Lawsuits When you think of people who get sued, you probably think about doctors and lawyers. However, there are several...
Is a handwritten will legally valid?
Drafting a will is something everyone should do, and you may be thinking about having one done. As you think about what you would like to include in your will, you may jot things down here and there, or perhaps prepare a handwritten will, intending to get it...
David A. Straus is the author or co-author of many publications.
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