Protecting Your Wealth One Piece At A Time
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...
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...
Las Vegas residents who are thinking about their assets, their loved ones and the necessary steps to be fully protected should understand the value of an estate plan. An estate plan can be relatively simple, or it can include wills, trusts, powers of attorney and...
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...
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...
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...
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...
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...
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...
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...
David A. Straus is the author or co-author of many publications.
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