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Year: 2024

Does a Trust Avoid Probate in Nevada?

Posted in estate planning,probate,trust on August 23, 2024

Probate courts can create a time-consuming ordeal for your loved ones. This is one reason why many people turn to Las Vegas estate planning lawyers who can take steps to reduce the time an estate spends going through probate. One question attorneys frequently field is, “Does a trust avoid probate in Nevada?” A trust provides… (Keep reading)

Does Nevada Have State Income Tax on Trusts?

Posted in taxes,trust on August 22, 2024

If you are planning on setting up a trust in Nevada, you may be wondering, “Does Nevada have state income tax on trusts?” Some states tax income from trusts, which can mean there are fewer funds available for the beneficiary of the trust. By working with a trusted Las Vegas trust lawyer, you can set… (Keep reading)

What Is the Downside of a Living Trust in Nevada?

Posted in estate planning,trust on July 10, 2024

If you are looking to make an estate plan that you feel respects your goals and wishes, you may have wondered, “What is the downside of a living trust in Nevada?”. Answering that question begins with understanding living trusts and applying that knowledge to your situation. An experienced living trust attorney can help you explore… (Keep reading)

How Does a Living Trust Work in Nevada?

Posted in estate planning,trust on July 9, 2024

If you are in the planning stage of your financial future and are asking, “How does a living trust work in Nevada?” the law firm of Ken R. Ashworth & Associates is here to help you unpack this question. Living trusts in Nevada are a powerful tool for managing your assets and health care details…. (Keep reading)

Who Is Exempt From a Nevada State Business License?

Posted in entity formation on June 19, 2024

Owning and operating a business has both its perks and its responsibilities. And one of the responsibilities that the owner of a business has is to file for a business license each year. However, not all business owners are required to file for a license. This might leave you wondering about who is exempt from… (Keep reading)

What Is the Business Combination Statute in Nevada?

Posted in asset protection on June 18, 2024

Business owners are looking for more than a way to provide for themselves and their families; they are looking for sustainability for the growth of their companies. One such decision is whether to combine their business with that of another in order to maximize the potential growth of the company, more commonly known as a… (Keep reading)

What Is the Process of Probate in Nevada?

Posted in estate planning on May 9, 2024

The probate process can be a complicated one, especially if there is someone who is planning to contest the contents of a will. Ideally, you want the probate process to go as smoothly as possible so you can focus on grieving your recent loss. Regrettably, that is not always the case. If you are dealing… (Keep reading)

Can I Negotiate With the IRS Myself?

Posted in IRS on January 21, 2024

If you have received a notice from the IRS stating that you have outstanding tax liability in Las Vegas, then you may be feeling unsure about what to do next. If your IRS bill includes penalties or interests, then this can add further stress to the situation. Despite what your feelings are, you are likely… (Keep reading)