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October 2012 Archives

Large estate leads to probate litigation

As many in Nevada know, high asset estates sometimes end up in litigation despite a person's best efforts to avoid such conflict through estate planning. With large sums of money to be divided, beneficiaries of such estates may make great efforts to ensure that they receive the share to which they believe they are entitled. This may be the case in one probate litigation matter in which the beneficiaries of a massive estate are attempting to remove the trustees who are now managing the trusts that make up their inheritance.

Nevada estate plan can include kids' inheritance

Many Generation Z people in Nevada and across the nation expect to inherit money from their parents. This may lead some of them to fail to appropriately save for their future, one report indicates. That could be bad news for some parents who, in the study, were less likely to believe that their children would inherit wealth from their estate after their death. However, many kids in the study were already saving for immediate needs such as college and living expenses.

Nevada estate planning: what can be included in a will?

One of the first things that most people in Nevada think of when beginning estate planning is a will. Often considered the most fundamental of estate planning tools, the will can be used to express the wishes of individuals as to how their estates are divided at the time of their deaths. However, there are many facets of the document that may be unfamiliar to those in our state.

Never too early to start estate planning in Nevada

It is never too early for those of us in Nevada to begin the estate planning process. This is especially true of those who have children and need to plan for their future should one or both parents die unexpectedly. In fact, though many people believe that they don't need estate planning because they are young or financially challenged, every individual can benefit from having an estate plan.

Nevada estate planning talks can help ease probate process

There are many issues that Nevadans must consider as they begin to write an estate plan. As they go through the planning process, it is always the case that the person creating a will or a trust seeks to ensure that their wishes for asset distribution are made apparent to their heirs and survivors. These wishes may not always be popular with all of the potential heirs, especially those who do not stand to inherit from the person creating the plan.

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