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Category: estate planning

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)

What Happens When a Minor Inherits a Large Amount of Money?

Posted in asset protection,estate planning on March 29, 2022

If a decedent leaves money to a minor through his or her estate plan, the will or trust provisions would govern. For example, the descendant’s trust may provide that the funds be given to the minor over time upon reaching certain years age or grant the trustee the discretion to dole out money for his… (Keep reading)

When Should Estate Planning Begin?

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

Most financial advisors and estate planning attorneys would advise that once a person turns 18, estate planning should be at the top of the to-do list. When an individual reaches the age of 18, it is important to begin taking responsibility for their finances, power of attorney, and healthcare, and this includes planning for their… (Keep reading)

Not All Property in Mexico Is Treated Equally

Posted in asset protection,estate planning on December 30, 2021

Property, for example, in the more desirable coastal regions are generally not open to ownership by non-Mexican citizens. That does not mean, however, that a United States citizen cannot own an “interest” in one of these beautiful towns or villages. Through an arrangement called a “fideicomiso”, a United States citizen, even a United States company… (Keep reading)