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Category: asset protection

What Does It Mean If a Company Is in Litigation?

Posted in asset protection on December 28, 2023

Companies enter litigation when they are in dispute with another party. These disputes may come from an external source, or the company may bring litigation against another entity. Regardless of the nature of the case, any company anticipating going through litigation needs to have an experienced Nevada business litigation attorney on retainer to assist them… (Keep reading)

Why Is Business Litigation Important?

Posted in asset protection on December 18, 2023

Business owners should always know the importance of having an attorney to help them through a legal issue they may be facing. Whether you are a small, family-owned business or a corporation with many branches, having legal representation can protect your company and its future. A Nevada business litigation lawyer can advocate for you and… (Keep reading)

Understanding a Conflict of Interest with the Successor Trustee in Nevada

Posted in asset protection,estate planning on October 24, 2023

In a trust, the successor trustee, or the person who will take over the estate of a loved one when they pass, is also considered a beneficiary or someone who will inherit assets due to the trust. When the successor trustee is given certain responsibilities to the trust, yet they have their own self-interests they’d… (Keep reading)

What Happens When the Beneficiary Predeceases in Nevada?

Posted in asset protection,estate planning on October 15, 2023

It’s common for many residents throughout Nevada to consider how their estate and assets will be distributed after they pass on. However, there are some cases where a beneficiary, or the person who is entitled to receive part of the estate, passes away before the death of the individual, also called the testator. There is… (Keep reading)

Medicaid Clawback Exemption

Posted in asset protection on September 19, 2023

The estate of a Medicaid recipient is generally obligated to repay Medicaid for the benefits the decedent received during their lifetime. This is sometimes referred to as Medicaid Clawback. Put more simply, Medicaid wants to be reimbursed for the benefits it paid to beneficiaries. There are exceptions, however. When a person makes an application for… (Keep reading)

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)