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...
Protecting Your Wealth One Piece at a Time
Estate Planning
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?...
Have you reviewed your beneficiaries recently?
Most people in the Las Vegas area have accounts that list beneficiaries. When these financial accounts are set up they often need to designate a beneficiary. This is usually done when the account is created but may not be reviewed ever again. Not reviewing a financial...
Stilled confused about rules for stretch IRA’s?
Estate planning is complex enough for residents of Nevada and across the country without ever-changing estate tax laws and their applications to gift-giving. Responsibly securing gifts meant for your loved ones can also involve maneuvering estate assets to preserve...
Special needs trusts enhance the life of people with disabilities
Families who have a loved one with special needs know how important it is to have a plan for their care for the rest of their lives. People with special needs often qualify for government support such as Social Security Disability or Medicaid. Government support is...
Choosing a trustee
Many estate plans for residents of Nevada involve choosing a trustee to manage one of the many kinds of trusts that are used in estate plans. Therefore, choosing a proper trustee is one of the weightiest tasks faced by the maker of the trust (the “settlor”). Very few...
Amending a will in Nevada
As we get older, it is imperative that we create a will to ensure that our assets are distributed in accordance with our wishes. Once a will is created, it is also important to periodically update your will to ensure that it stays current and reflects your current...
Estate planning tips for entrepreneurs
As anyone who has scene Shark Tank recently knows, entrepreneurship is alive and well in the U.S. Indeed, entrepreneurs (small business owners) make up 64% of net new private-sector jobs, 42.9% of private-sector payroll, 49.2% of private-sector employment, 46% of...
Know how to navigate estate planning in a blended family
Living in a blended family can be a great experience, but it can also come with some challenges. You’ll have to learn new family dynamics, and the fact that you’re not you stepchildren’s biological parent will never go away. But the intricacies of a blended family can...
Making a valid will in Nevada
Most people in Nevada understand that a valid will is necessary to dispose of a person’s property when that person dies. When asked what goes into a will, a large number of people will say “specific bequests” or “establishing a trust.” Very few Nevadans have any idea...
David A. Straus is the author or co-author of many publications.
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