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Validity of a Will in Clark County Nevada
Posted in asset protection,estate planning,probate,trust on May 4, 2022
Once someone passes away, a will, or something that you think could resemble a will, should be submitted to the court following the death of the person who wrote the will, and the court will decide whether it should be found valid. Nevada law provides that any individual over the age of 18 who is of sound mind… (Keep reading)
Do You Need a Lawyer to Make a Will in Nevada?
Posted in asset protection,estate planning,probate,trust on April 26, 2022
It is never easy to begin making an estate plan or drafting a will, but as a means of ensuring your wishes are respected in the event of your passing, creating a will is extremely important. When it comes to certain stipulations or requests you have about your health, beneficiaries, or even burial, a will… (Keep reading)
How Do I Set Up an Estate Plan in Nevada?
Posted in asset protection,estate planning,trust on April 25, 2022
One of the many mysterious and important parts of life is its unpredictability, especially when it comes to preparing for the unexpected. Ensuring that your protected assets and estate are properly accounted for and passed to your next of kin is the most effective tool to brace for any life-altering event. To make sure you’re… (Keep reading)
Posted in charitable donations,donations on April 12, 2022
If you paid out of pocket for a funeral of someone who had COVID-19, you could be eligible for funeral assistance. Under the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 and the American Rescue Plan Act of 2021 FEMA is providing financial assistance for COVID-19 related funeral expenses incurred on or after January 20,… (Keep reading)
What Happens When a Minor Inherits a Large Amount of Money?
Posted in asset protection,estate planning on March 29, 2022
If a decedent leaves money to a minor through his or her estate plan, the will or trust provisions would govern. For example, the descendant’s trust may provide that the funds be given to the minor over time upon reaching certain years age or grant the trustee the discretion to dole out money for his… (Keep reading)
Posted in asset protection,identity theft on March 16, 2022
Some wealthy relative has asked for your Social Security number for their Trust. Do you give it to them? The answer is no. Social Security numbers are not necessary in order to be named as a beneficiary in a Trust or a Will. Your Social Security number is confidential. Someone can steal your number in various ways. Stealing wallets, personal… (Keep reading)
When Should Estate Planning Begin?
Posted in asset protection,estate planning on March 15, 2022
Most financial advisors and estate planning attorneys would advise that once a person turns 18, estate planning should be at the top of the to-do list. When an individual reaches the age of 18, it is important to begin taking responsibility for their finances, power of attorney, and healthcare, and this includes planning for their… (Keep reading)
What Is a “Holographic Will” and Is It Valid in Nevada?
Posted in asset protection,probate on March 9, 2022
Put simply, a holographic will is a handwritten (versus typed) will, and, yes, it can be valid and enforceable in Nevada if done correctly. While having a handwritten will might sound simple, as with most things in the law, there are a number of requirements that such a document must possess before it will be… (Keep reading)
