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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)
Lifetime Estate and Gift Tax Exemption
Posted in estate planning,tax planning on October 20, 2023
It is expected that the lifetime estate and gift tax exemption will be around $5 million after 2025. For deaths occurring in 2023, the exemption amount is $12,920,000. Therefore, if anyone wants to make significant gifts, it is advisable to do so before 2025 ends.
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)
The Benefits of an Integrated Estate Plan
Posted in estate planning on August 9, 2023
Many people choose to put it off and keep from doing any estate planning. We always think we’ll have more time to deal with it sometime later. However, you shouldn’t wait to deal with your estate planning, as an accident could happen at any time that leaves you incapable of making arrangements for your belongings… (Keep reading)
What Is the Difference Between an Estate Planning Attorney and a Probate Lawyer?
Posted in estate planning,probate on August 8, 2023
While some people use the terms estate planning attorney and probate lawyer interchangeably, the two are fundamentally different. Estate law is tricky for anyone unfamiliar with the terms, but it’s important to know what everything means when dealing with the law. Both attorneys help clients manage estates, but they do so at different times in… (Keep reading)
How to Prepare Before Meeting Your Las Vegas Estate Planning Attorney
Posted in estate planning,tax planning on July 19, 2023
Establishing an estate plan now is the smartest way to prepare for your loved ones’ futures after your passing. However, as you prepare to make your estate plan, it is critical to consider what needs to be done before you can properly begin. Meeting with your estate planning attorney is the most important step you… (Keep reading)
Tips for Establishing Nevada Residency
Posted in estate planning,tax planning on July 12, 2023
With its gorgeous landscape, affordable living, endless entertainment options, and favorable tax laws, Nevada continues to be an enticing and advantageous state for those looking to establish new residency. Fortunately, establishing residency in Nevada is fairly straightforward and simple. Once you’ve followed the necessary steps to become an official resident, you’ll be ready to begin… (Keep reading)
When to Hire a Las Vegas Estate Planning Attorney
Posted in estate planning on June 15, 2023
Now is always the right time to plan for the future. None of us knows what will happen or how long we have until it does. That is why it is ideal to take a proactive approach to preparation. When managing your property, early estate planning is the right way to ensure peace of mind,… (Keep reading)
