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Author: AshworthlawAdmin

Wildfires

Posted in Firm News on September 15, 2021

Every year around this time it seems that there is one wildfire or another that is being reported in the news.  Wildfire smoke is a mix of gases and fine particles from burning vegetation, building materials and other materials.  The air fills with smoke and even the healthiest person can be affected from it.  Breathing… (Keep reading)

What does it take to be successful in business?

Posted in Firm News,nevada business tax on September 1, 2021

A question that I get asked at least once a week. The answer is predicted on many factors and those factors may be similar for many of us and/or totally different for all of us. Usually people desire to partner with another thinking the synergy will be great. Be careful it can and cannot be…. (Keep reading)

How a Quit Claim Deed works.

Posted in Firm News on August 25, 2021

A Quit Claim Deed is used to transfer ownership of real property. The grantor (owner of property) will transfer ownership to grantee (the person receiving the interest).  When the quit claim is fully executed the grantor has transferred all their interest in the property.  A quit claim does not contain any warranties to the grantee…. (Keep reading)

IRS Technology

Posted in Firm News,IRS,taxes on August 18, 2021

Anyone who has tried to contact the Internal Revenue Service in the last eighteen months can probably tell you about long wait times, courtesy disconnects and in general, a very frustrating experience.  The outdated systems and technology at the IRS were ill equipped to handle remote work and much of the work that did occur… (Keep reading)

So you were named the successor trustee of a trust . . . now what?

Posted in Firm News on August 11, 2021

So your friend or relative named you as a successor trustee of his or her trust, or you were named as the successor trustee of your parent’s trust and they have now both passed away.  What do you need to do?    If the existing certificate of trust (sometimes called an affidavit of trust) that… (Keep reading)

Why is the auto industry low on cars?

Posted in Firm News on August 4, 2021

The world today has so many unknown variables. The virus has changed the world that we use to know. Items in stores were easily found unless there was a weather emergency. Due to the virus items big or small can be hard to find. One industry that has been affected is the car dealerships. Individuals… (Keep reading)

Thinking about Medicare what you need to know

Posted in Firm News on July 21, 2021

What do you need to know about Medicare before you turn 65?  Are you 64 – because if the answer is yes, then you need to be ready to sign up for Medicare.  You are eligible to sign up in the three months before your 65th birthday.  Medicare part A is for hospitalization, and it… (Keep reading)

What happens when grantors fail to transfer title to property to their trust?

Posted in estate planning on July 14, 2021

Most estate plans will include a pour-over will in which assets not titled in the name of the trust will be bequeathed to the trustee of the trust and then distributed in accordance with the terms of the trust.  However, that requires the expensive and time consuming process of opening a probate case, which is… (Keep reading)