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What Are the Seven Steps in the Estate Planning Process?
Posted in estate planning on November 5, 2024
Starting the estate planning process can be overwhelming, especially if you are attempting to do so on your own. Having an experienced Las Vegas estate planning lawyer by your side throughout this process can make everything go a lot more smoothly. Still, it is important to understand and know how the estate planning process actually… (Keep reading)
Does a Trust Avoid Probate in Nevada?
Posted in estate planning,probate,trust on August 23, 2024
Probate courts can create a time-consuming ordeal for your loved ones. This is one reason why many people turn to Las Vegas estate planning lawyers who can take steps to reduce the time an estate spends going through probate. One question attorneys frequently field is, “Does a trust avoid probate in Nevada?” A trust provides… (Keep reading)
What Is the Downside of a Living Trust in Nevada?
Posted in estate planning,trust on July 10, 2024
If you are looking to make an estate plan that you feel respects your goals and wishes, you may have wondered, “What is the downside of a living trust in Nevada?”. Answering that question begins with understanding living trusts and applying that knowledge to your situation. An experienced living trust attorney can help you explore… (Keep reading)
How Does a Living Trust Work in Nevada?
Posted in estate planning,trust on July 9, 2024
If you are in the planning stage of your financial future and are asking, “How does a living trust work in Nevada?” the law firm of Ken R. Ashworth & Associates is here to help you unpack this question. Living trusts in Nevada are a powerful tool for managing your assets and health care details…. (Keep reading)
What Is the Process of Probate in Nevada?
Posted in estate planning on May 9, 2024
The probate process can be a complicated one, especially if there is someone who is planning to contest the contents of a will. Ideally, you want the probate process to go as smoothly as possible so you can focus on grieving your recent loss. Regrettably, that is not always the case. If you are dealing… (Keep reading)
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)
