You may sense something suspicious is going on with your elderly loved one. Perhaps another family member, neighbor or home health care provider is a little too involved in your loved one’s affairs, and it makes you uncomfortable. While you may feel a certain amount...
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What is the guardianship process in Nevada?
There are two avenues of legal action that can be taken in Nevada when guardianship of a minor child is necessary. One can actually lead to the other in some cases. This need can arise from a wide variety of scenarios, but it typically happens when neither parent is...
A changed will could lead to estate litigation
When an elderly family member needs help with daily activities and care, it is common for a loved one to step in and provide that care. Taking on such a responsibility can be a major sacrifice for the caregiver as it can take up much of the individual’s time and...
Probate addresses remaining debts, not just assets
Often, when Nevada residents think of closing an estate, they think of distributing the decedent’s assets to remaining loved ones. While this action is part of probate, the process does not focus solely on the assets of the estate. In fact, the executor will need to...
On what grounds could a trustee be removed?
Having a trust is often considered a valuable way to protect assets from creditors and lawsuits and to ensure that future generations can easily inherit assets. Because trusts have to be managed, it is essential that a responsible party is named as the trustee....
Estate planning for business owners
Entrepreneurs in Nevada are usually optimistic individuals, and they may find it uncomfortable to think about end-of-life issues and what will happen to their companies after they pass away. However, failing to address these matters can have dire financial...
How can you build confidence in your estate plan?
For some, learning about estate planning may seem like as much work as creating an actual plan. However, the information a person gains may prove invaluable to them later when they have a comprehensive estate plan in place that they feel confident in. Of course, even...
Why people challenge estates (and how to prevent it)
It is tragic when someone passes away and their loved ones fight over their estate rather than coming together to mourn and support one another. While there is no silver bullet that will guarantee that no one will challenge your estate plan after you are gone, there...
Is my trustee committing fraud?
If you are the beneficiary of a trust from a loved one’s estate, you may rely on the assets in that trust for specific needs, such as educational costs, medical treatments or living expenses. Perhaps your loved one established the trust simply to provide you with...
Do these reasons for putting off estate planning sound familiar?
Though most Nevada residents know that creating an estate plan has benefits, they can still find themselves procrastinating. If so, they are not alone, as many people putt off estate planning for various reasons. Of course, it may be worthwhile to understand that,...