Estate Planning Basics

Estate Planning Basics | Estate Planning Las Vegas

At Phillips Ballenger, Las Vegas, Nevada trust attorney Tiffany Ballenger Floyd will work hard to ensure that a comprehensive estate plan helps address all your needs and goals.

During your thorough consultation with an estate planning attorney, we discuss your family structure and dynamics, your goals, your long-term plans, and your hopes, dreams, fears and apprehensions.

Read more about our clear-cut approach to the Planning Process here.

What is "in" an Estate Plan?

Typically, a comprehensive estate plan includes:

  • Revocable Living Trust (aka “Family Trust”);
  • Pour-Over Will (vital for parents of minor children as this nominates Guardians for your kids);
  • Caretaker Instructions (for care of minor children); 
  • Certificate of Trust;
  • Durable Power of Attorney (for financial management);
  • Trust Funding Instructions & Checklist (to ensure your assets are properly transferred into your Trust and proper beneficiary designations are made/updated; this may also include Deed work/instructions to transfer real estate into your Trust); 
  • Memorial Instructions, including Nevada Affidavit Authorizing Final Disposition; 
  • Detailed Trust Schedule of Assets, including Trust Asset Assignment;
  • Personal Property Memorandum; and
  • Health Care Documents, including: Durable Power of Attorney for Health Care Decisions (customized specifically in accordance to your wishes, Stand-Alone HIPAA Release, Living Will & Nevada Statutory Advanced Directive, NRS 449.535-690)

While nobody wants to think about death or disability, establishing an estate plan is one of the most important steps you can take to protect yourself and your loved ones. Proper estate planning not only puts you in charge of your finances, it can also spare your loved ones of the expense, delay and frustration associated with managing your affairs when you pass away or become disabled.

To learn more about Nevada Estate Planning options, or to schedule a personalized consultation with our experienced Las Vegas estate planning attorneys, call us at 702-997-5701, or contact us by email.

Planning for Your Family | Your Future

We help protect your estate, your family, your legacy- one step at a time.

Estate Planning Attorney Serving Las Vegas, Summerlin, Henderson, North Las Vegas, Boulder City, and areas throughout Nevada and California and the US. 

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3605 S Town Center Dr, Suite B, Las Vegas, NV 89135
| Phone: 702-997-5701

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