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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)
What Are the Four Basic Types of Wills?
Posted in estate planning,probate on December 15, 2021
If you are in the process of planning your estate, then you must understand what types of different wills exist to ensure your wishes are carried out. While the process of estate planning can be overwhelming, learning about the different types of wills available can help make the process easier. Simple Will A simple will… (Keep reading)
What Does Estate Planning Mean?
Posted in estate planning on November 12, 2021
If you are like most people, the term “estate planning” may conjure up images of wills and trusts. However, estate planning encompasses much more. It’s vital to understand the full spectrum of estate planning to begin preparing for your future and that of your loved ones. Estate planning can help ensure that your family will… (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)
