By Patricia Trent | Published December 17, 2015 | | |
We hear this question from our estate planning clients quite often. The scenario is usually something like this: A divorced man with two children from a previous marriage marries a divorced woman with one child from a previous marriage. They plan to have children of their own. Each wonders, if I predecease my spouse, what Read MoreRead More
If like many of our clients, you and your family have enjoyed countless days at a beloved vacation retreat, you may be wondering how to keep that property in the family for generations to come. How you plan to transfer your vacation home will make all the difference in whether your children are able to Read MoreRead More
At first glance, the term “holographic will” sounds like something out of Star Trek, but the concept is rather simple and has been around for a long time. It is a self-executed will in which the signature, date and material provisions are written by the hand of the testator. Such wills are valid in Nevada Read MoreRead More
According to a recent story in Bloomberg Business, Nevada is one of a handful of states to which wealthy Americans, heavily taxed in their home states, are moving significant assets. Delaware and Alaska are also targets for individuals who want to avoid high income taxes. That wealth is coming in from states like New York, Read MoreRead More
A testator often inserts a clause into a will stating that any beneficiary who contests the will is automatically disinherited. The no-contest clause is meant to discourage frivolous suits by disappointed heirs who feel they didn’t get their fair share. These clauses are valid in Nevada, but they do not create an absolute prohibition. The Read MoreRead More
Q: What is estate planning?
A: Estate planning involves agreements and documents defining arrangements for transferring ...