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How Long Does Probate Take in Nevada?
Posted in asset protection,probate,trust on June 30, 2022
Probate is the legal process of distributing assets of a deceased person’s estate and paying any debts owed by the person prior to their death. The length of time it takes to settle legal matters often varies depending on the specifics of the case, and probate is no different. While families are often dealing with… (Keep reading)
How Does a Family Trust Work in Nevada?
Posted in asset protection,probate,trust on June 29, 2022
Establishing a trust is one way to ensure your assets are dispersed according to your wishes once you’re no longer alive. Living trusts can be set up in different ways, depending on the needs of you and your family. Family trusts can be created so you can specify which family members your assets will be… (Keep reading)
What Is Qualified Small Business Stock?
Posted in asset protection,tax planning,taxes on June 15, 2022
Under section 1202 of the tax code, individuals investing in Qualified Small Business Stock (“QSBS”) can exclude a significant portion of associated capital gains when selling or exchanging that stock depending on when it was acquired. In fact, for QSBS acquired after September 27, 2010, and held over five years, gains may be completely tax-free… (Keep reading)
In Nevada, Can You Transfer You Firearm Upon Your Death?
Posted in asset protection on May 18, 2022
A: It depends. In January 2020, Nevada passed a law that made it generally more difficult to transfer or sell firearms between individuals. Whereas, prior to the law, private sales of firearms were not regulated, under the 2020 law, the buyer or the recipient of a gift of a firearm in Nevada must pass a… (Keep reading)
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)
