Law Offices of David A. Straus LLC Blog

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...

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....

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...

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...

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....

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...

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 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...

For the wealthy, estate planning is extremely important because transferring assets to heirs can bring tax burdens. And, with new administrations often comes new taxes, and a recent tax plan is no exception. American Families Plan The new administration has proposed...

Do you have a loved one with a special medical condition that requires extensive care? If so, then you might find yourself worried about their future. This concern might be especially prevalent if you provide a significant amount of support to that individual. After...