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Las Vegas, NV Probate Law Blog

What should you include in a comprehensive estate plan?

Creating an estate plan is an important step in any adult Nevada resident's life. You may have considered planning before but put it off for whatever reason, but more recently, you have been thinking about the need to create a plan more often. You may be advancing in age and want to have your affairs in order, or you could have experienced a life-changing event, like the birth of a child.

Whatever your reason for wanting to get started planning, you are heading in the right direction. Still, you may need a great deal of information regarding what you should include in your plan. You may already have ideas about your will, but in order to create a comprehensive estate plan, you will need additional documents.

Ask yourself these questions before choosing a business name

Starting your business can take a lot of effort before you can even think about getting actual operations underway. You will need to make many decisions concerning your company, and some of those decisions may not seem as fun as others are.

However, one part of the process that you may have been looking forward to is finding the right name for your company. Brainstorming ideas for company names may have even taken place before you fully decided to move forward with starting your business. Of course, if you already have a name in mind, you may still want to consider various aspects of choosing a business name before you settle on one.

Does your family know what to do if you become incapacitated?

You never know whether you will end up injured in an accident or suffer from an illness at some point in the future that could make it impossible for you to make decisions regarding your care and your finances on your own. If you do nothing to prepare for this possibility, your family will need to go to the courts to obtain permission to care for you and your property during this time. This could quickly get expensive and waste valuable time, especially where your health is concerned.

Instead, you could make certain decisions now that will remove those burdens from your family and allow someone you trust to immediately step in and begin making crucial and sometimes lifesaving decisions for you.

Uncontested divorce an option for Nevada couples

The decision to move forward with divorce is not an easy one to make, and it can be an emotionally challenging process even when both parties are amicable. For many Nevada couples, it is possible to divorce without the need for litigation, and this could be an option for you as well. An uncontested divorce is often easier than other options, and you would be prudent to explore this specific option.

Uncontested divorce is a divorce between two parties that have no remaining disputes between them. If you and your spouse are in agreement regarding all major decisions related to the end of your marriage, you can move forward with filing for an uncontested divorce. 

Are you facing a serious partnership dispute?

When starting a business, you certainly want to set yourself up for success. Therefore, you may consider bringing in a partner to help build and run the company. Sharing the workload and having someone to help out in difficult times can allow you to feel less overwhelmed by the idea of running a company.

Of course, it is important to choose the right partner as you move forward with your business venture. You may think that you have chosen wisely only to realize later that you and your partner do not see eye-to-eye on various aspects of the company, and, as a result, you may find yourself facing partnership disputes or even needing to dissolve the partnership entirely.

Business formation and future ventures can have legal issues

Though laws are in place for a reason, most people do not understand every law for every situation. Because of this lack of knowledge, it may prove important to gain information and assistance with certain legal aspects before undertaking a significant venture, such as starting your own business. Creating a company can be a life-changing and exhilarating time in your life, but if you fail to meet the legal requirements, your dream could end before it begins.

You may think that handling the paperwork and dealing with less-exciting aspects of business formation can be put off, but if you do not tackle this part of the creation process, you may find yourself operating illegally or otherwise setting yourself up for potential lawsuits or even criminal charges. Therefore, you may want to put handling the legal aspects at the top of your to-do list.

4 specific duties an estate executor must address

While a particularly close loved one was still alive, he or she may have approached you about taking on the role of executor for his or her estate. Perhaps you felt caught off guard or honored by the request, but either way, you chose to accept this position. You may not have given much thought to the amount of work that goes into handling the necessary duties associated with acting as executor, and now that your loved one has passed, you may wonder what you are in for.

Though you know that an executor ensures that the estate properly moves through the probate process as necessary, you may not know what specific duties that action entails. There are several actions that you will need to address with careful consideration in hopes of making sure that you complete the tasks correctly.

Is your new business in need of a partnership agreement?

Now that the time has come to get your new business up and running, you could not feel more excited. You and your future partners may have had the idea for your company for a considerable amount of time before finally reaching a point at which your ideas could become a reality. Of course, before you can open your doors, you will likely need to get the finer details in order when it comes to how your company will run.

Though working with other individuals may have been the idea from the start, you may want to remember that working with partners does not always mean that operations will run smoothly. Certainly, disagreements may come about, but you could take steps to help everyone remain on the same page. Creating a partnership agreement may be one of those steps.

Don't limit yourself when forming your LLC

Getting a business going is not a job for the fainthearted. It takes a lot of hard work and maybe even some blood, sweat and tears. If you are wanting to form an LLC in Nevada, do not limit yourself by not having the right tools in your arsenal and the knowledge needed to get it done right.

Compared to setting up other types of business entities, forming an LLC may seem like a walk in the park. There are several basic steps that you will have to complete. What are they and how will you be certain you have done everything you need to do?

Stay focused on justice in distracted driving situations

Driving in Nevada is not all that different from traveling through any other state in that there are many times when heavy traffic causes delays. It's also true that the more cars sharing the roadway with you, the higher chances are of you becoming involved in an accident. Many things can impede your ability to reach your destination, such as inclement weather or roadway conditions, as well as reckless or distracted drivers. The latter often cause accidents that result in catastrophic, even fatal injuries.

Knowing ahead of time how to avoid distracted drivers and where to turn for help if needed may increase your chances of avoiding a collision. If you see someone exhibiting behavior behind the wheel that causes you concern, you may want to steer as clear as possible from his or her vicinity. In fact, it may even be possible to pull off the road and notify appropriate authorities if a problem arises.

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