Legacy Planning: Why Planning for your Legacy will Benefit your Estate. The term, “Legacy” denotes a larger meaning than simply leaving money or things behind to loved ones. A legacy is more about the way someone lived rather than how they died. Although, the administration of material assets is imperative to estate planning, leaving…
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Things to be Thankful For: Giving Generously in Your Estate Plan
Things to be Thankful For: Giving Generously in Your Estate Plan Since Thanksgiving is just around the corner, we decided to focus on being generous and the individuals your Estate Plan can help after you are gone. So, here it is: you spend much time, energy and money in setting up a solid estate; an…
Continue reading…The Proposed GOP Tax Overhaul: A Summary of its Key Points for Nevada Families & Businesses (Part 1)
Part 1: Individual Taxes There are a huge variety of factors to weigh in trying to figure out whether individuals/households would see an increase or decrease in their tax rate. According to the bill’s supporters, most Americans are likely to see a small reduction of taxes under the plan; however, many Americans will see an…
Continue reading…Who Are the Decision Makers in Your Estate Plan? (Part 2)
Welcome back to the second installment discussing key decision makers. Part 1 introduced the concept of decision makers and we named some active roles. This week, we are finishing up this topic by naming a few more roles that are pertinent parts of running a successful estate! Enjoy! Agent (Durable Power of Attorney for Healthcare…
Continue reading…Who are the Decision Makers in Your Estate? (Part 1)
Who are the Decision Makers in Your Estate Plan? (Part 1) Within an Estate Plan, there are decision makers that are appointed to make sure your estate runs efficiently and appropriately after you are gone. Some of these decision makers will play a very small role and some will have a larger, more active…
Continue reading…Estate Planning for Millennials – You’re Not too Young to Start Planning! (Part 3)
Okay Millennials, we are going to finalize this 3-part info session with Asset Protection!! When thinking of asset protection, even if you have no current assets, it is much more beneficial to have in the initial stages of planning rather than trying to group your assets together and place them later. Nevada is one of the…
Continue reading…Estate Planning for Millennials- You’re Not too Young to start Planning! (Part 2)
Revocable Living Trust: A Revocable Living Trust (RLT) is also known as a “Living Trust” and/or “Family Trust”. It is created to hold the Grantor’s (Trust Creator’s) assets for the duration of that person’s lifetime. Typically, the Grantor retains control over all of the trust assets, as long as he/she is alive & well. A RLT dictates…
Continue reading…Millennials – Time to Start Planning for your Estate! (Part 1)
Millennials are known for being digitally dependent, optimistic about the future, and the generation with the highest student loan debt (sigh). This oft-scrutinized generation is also criticized for being lax when it comes to “adulting” and planning for their fiscal future. However, this does not negate the need to talk about estate planning when it…
Continue reading…Estate Planning for your Pets!
For many of us, our pets are beloved and an extension of the family, in furrier form. However unlikely, it is possible that your pet may outlive you. What happens to your pet? Who cares for your pet? How is the pet financially cared for? Hopefully, there is a close friend or family member that…
Continue reading…Things to Do Following the Death of a Loved One: Part III
Links to Part I and Part II of this Series. The following outlines some of the legal duties associated with serving as Trustee of your loved one’s trust. “I’ve Been Named as Trustee… Now What?!” And then there are a few additional items of which you need to be aware: Again, this general list of duties is not meant…
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