Protecting Your Wealth One Piece At A Time
When we are young, we assume our parents will always be around. However, as we grew older, we realize that our parents are growing older, as well, and the reality is that they will not always be in our lives. If our parents do not have estate plans set up, talking...
Nevada residents who have accumulated valuable assets know the important role estate planning plays in protecting those assets. One way to protect those assets is through an asset protection trust, also called a self-settled spendthrift trust. An asset protection...
There are so many things to consider when making future plans, especially when deciding how to provide for your loved ones should you no longer be there. Ensuring that estate assets will be safe and easily accessible when the time is right can be challenging....
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...
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?...
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...
David A. Straus is the author or co-author of many publications.
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