Wills are not necessarily permanent and may need revised after major life events such as having children, moving out of state and divorce. Your former spouse may receive your assets if you do not change your will after divorce. Beneficiaries Your estate planning...
Protecting Your Wealth One Piece at a Time
Estate Planning
What should be included in my will?
Creating a will is often the most significant part of the estate planning process. However, a will must be done correctly in order for it to be properly executed when the time comes. An estate planning attorney can draft your will in accordance with Nevada law to...
Estate tax worries? Consider a Qualified Personal Residence Trust
The estate tax is levied on all estates valued at more than $5.34 million and features a maximum rate of 40 percent. It’s an enormous concern for many estate planners. However, estate tax liability can be mitigated with a nifty tool known as a qualified personal...
What is a self-settled spendthrift trust?
Choosing how you go about protecting your assets can involve many considerations, including minimizing taxes and avoiding probate. Creating a trust can be an excellent choice to achieve your financial goals and Nevada provides one of the most powerful tools to do so....
Some keys to childless estate planning
Estate planning has become a hot topic these days for obvious reasons. Unfortunately, many childless families have put off the estate planning process, thinking that, since they do not have children, an estate plan is not an urgent concern. However, this is simply not...
Estate planning checklist: Important steps to not miss
No matter what size estate a Las Vegas resident has, everyone needs to create an estate plan. There are several steps a person can take to make sure their estate plan is accurate and comprehensive. Estate inventory The first step in creating an estate plan is taking...
What are the estate planning tools I should know about?
Estate planning tools are available to help estate planners at every age and in every situation develop the estate plan that is right for them. For that reason, estate planners of all types should be familiar with the basic documents to include in their estate plan....
Take care of estate planning before travel
As the country reopens, more people are making travel and vacation plans. But catastrophe may also accompany travelers. Taking these estate planning steps before you travel can help protect you and your family. Wills Making a will is one of the most important things...
Three estate planning myths
Almost everyone brushes up against the estate planning process at some point in their life, yet so few truly understand the topic. For this reason, estate planning mistakes continue to create headaches for both planners and their families. Part of the problem is that,...
A power of attorney is a useful estate planning tool
A power of attorney allows a person to designate another adult to act on his or her behalf. The person who is designated to act is called the attorney-in-fact and the person designating the authority is called the principal. The attorney-in-fact must be an adult and...
David A. Straus is the author or co-author of many publications.
Complimentary Book
Following retention
after a complimentary in
office consultation
‘Planning In Turbulent Times’
