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Category: asset protection

Can I Leave Money to Charity in My Estate Plan?

Posted in asset protection,estate planning on May 19, 2023

In many cases with estate planning, individuals choose to leave their assets to a charitable nonprofit, foundation, organization, institute, or other cause. This is a perfectly legal way to give back once you are gone. If set up properly, the ownership of a charitable trust will transfer smoothly following your passing and without having to… (Keep reading)

Should Asset Protection Be Part of Your Nevada Estate Plan?

Posted in asset protection,estate planning on May 13, 2023

Estate planning has become more popular over the last decade, but now individuals are going even further and incorporating asset planning to supplement their estate plan or, in some cases, replacing it altogether. Depending on the circumstances of a situation and the individual’s assets and specifics of their wishes for those assets following their death,… (Keep reading)

Estate Documents You Should Update After the Death of a Spouse

Posted in asset protection,estate planning on April 12, 2023

Losing a spouse is a deeply emotional and distressing experience that can leave you feeling overwhelmed and heartbroken. As you navigate the grieving process, paying attention to important legal and financial matters that may arise due to this significant life change is crucial. Ensuring your estate documents are up to date can help protect your… (Keep reading)

Is Putting Your House in a Trust a Good Idea?

Posted in asset protection,trust on January 15, 2023

Estate planning can be a complicated process, especially when you are unsure of the best way to protect and distribute your different assets. When you are planning for your home’s future, many people consider putting important property, like their family home, into a trust. Putting your home in a trust comes with a variety of… (Keep reading)

What Are the Disadvantages of a Trust?

Posted in asset protection,trust on December 22, 2022

Estate planning can be a complicated process. A trust can be a way to have your wishes carried out in a structured way, and beneficiaries can begin receiving the benefits of the trust while you are still alive. Trusts, which are frequently used by those with substantial assets, can help families with difficult dynamics avoid… (Keep reading)

Who Needs a Trust Instead of a Will?

Posted in asset protection,probate,trust on December 14, 2022

Estate planning can be a difficult and complicated process. As you plan for the assets you have and what your wishes are, you want to make the best decisions to ensure that those wishes are carried out. You may also want to take steps to make the process easier for those who have been entrusted… (Keep reading)

Nevada Homestead Law

Posted in asset protection,estate planning on November 15, 2022

Nevada Revised Statute (NRS) Chapter 115 is the law that establishes the right to homestead your primary residence. At present, a homeowner can protect up to $605,000 in equity, which the statute defines as the amount that is cletermined by subtracting from the fair market value of the property the value of any liens excepted… (Keep reading)

What Assets Are Not Considered Part of an Estate?

Posted in asset protection,estate planning on November 14, 2022

Estate planning is a very important process for almost everyone. Although it may be difficult to consider what will happen to your family after you pass, by creating an estate plan, you can protect your assets and your loved ones long after you are gone. Although the process is important, estate planning is a complicated… (Keep reading)