We are often asked the question: What is Probate? No one likes to think about his or her death, but appropriately planning your estate requires you to do just that. And that means properly understand probate. If you die without a will or other estate planning documents, your assets will be subject to probate. Probate […]
What happens to your assets when you die?
If you have a will, you might be thinking that your assets will simply pass as you’ve designated in the document. While that’s true to an extent, death – like life – isn’t that simple. How your assets will pass also depend on how the assets are held. For example, if you hold property in […]
Estate Planning: What about your digital assets?
While you may have made plans for your real estate and other physical assets, have you ever thought about… digital assets? If you haven’t, Facebook’s done it for you. These days, we live our lives online. From posts that chronicle your opinions, vacations and days events to photos of friends and family, Facebook is a […]
3 To-Do’s To Do Today
2015 is a new beginning. Let me help you get it started right! 1. Convert Probate Assets to Non-Probate Assets! Not as complicated as it sounds, especially if you already have a trust. For those who do, you need to retitle your assets into your revocable trust. For those who lack a trust, until you […]
Your Will Is Not Enough
When estate planning, don’t assume your heirs can maintain off your will alone. Take these steps to ensure your beneficiaries have all the wealth they need to take care of themselves and your final expenses. Set Up a Retirement Plan A retirement plan, such as a 401K or IRA adds extra room for comfort to […]
Roth IRAs Explained
When planning retirement, you want to ensure that you and your beneficiaries have a legal and tax conscious plan that can last over everyone’s lifetimes. A Roth IRA, a popular individual retirement plan, is generally tax free for you and your heirs. Like all retirement plans, Roth IRAs have unique terms and qualifications you should […]
Why You Need a Probate Attorney
When you have a family, sooner or later, the issue of inheritance and where property goes after a family member dies will come up regarding assets left behind. Some assets will have clearly defined recipients while others might be more difficult to determine. In such cases, it can be beneficial to have probate representation from […]
Special Power of Appointment Trusts
Unlike basic estate planning, asset protection is constantly evolving. Nevada spendthrift trust law remains the best in the country with the State Legislature frequently making tweaks and adjustments to keep it that way. However, a new type of asset protection trust has become popular recently and one of its advantages is that it functions just […]