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Year: 2022

What Is Qualified Small Business Stock?

Posted in asset protection,tax planning,taxes on June 15, 2022

Under section 1202 of the tax code, individuals investing in Qualified Small Business Stock (“QSBS”) can exclude a significant portion of associated capital gains when selling or exchanging that stock depending on when it was acquired.  In fact, for QSBS acquired after September 27, 2010, and held over five years, gains may be completely tax-free… (Keep reading)

Pandemic Changes To The Workplace

Posted in Firm News on May 26, 2022

When the pandemic hit in the spring of 2020, it brought with it many changes to the workplace.  Workers began to work remotely from home, which with modern technology could be anywhere.  Not all workers have returned to work in traditional offices. Some continue to work remotely or have adopted a hybrid work schedule, working in… (Keep reading)

In Nevada, Can You Transfer You Firearm Upon Your Death?

Posted in asset protection on May 18, 2022

A:  It depends. In January 2020, Nevada passed a law that made it generally more difficult to transfer or sell firearms between individuals.  Whereas, prior to the law, private sales of firearms were not regulated, under the 2020 law, the buyer or the recipient of a gift of a firearm in Nevada must pass a… (Keep reading)

How Do I Set Up a Living Trust in Nevada?

Posted in asset protection,estate planning,probate,trust on May 16, 2022

Setting up a living trust is one of the most beneficial estate planning options you can choose in Nevada. A living trust, or a trust that you set up while you’re alive, can protect your assets and make for a smooth transition for your family members or beneficiaries after you’ve passed or have become incapacitated…. (Keep reading)

What Makes a Will Valid in Nevada?

Posted in asset protection,estate planning,probate on May 15, 2022

Having an established will to dictate the division of your real estate and personal property in the event of a death is one of the most important things you can provide for your family ahead of time. Your family will already be grieving, so having a will can provide legal directions as to exactly how… (Keep reading)

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)