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November 2013 Archives

Nevada estate planning can help avoid some litigation

Railroad baron William Clark made vast sums of money at the end of the 19th century. He left behind only one daughter when he died. That woman, Huguette Clark, died in 2011 at the age of 104. She did not have children but left estate planning documents. This and other factors may be part of what led to the probate litigation that is currently surrounding her estate.

Nevada estate planning often includes the use of a trust

In Nevada, it is common for people to use trusts as a part of their estate planning efforts. In most cases, the trust that is created takes ownership of assets that are held for distribution at the time of the death of the creator of the trust or other event. In estate planning documents, the assets can be directed to be given to any number of people or organizations, including universities.

Nevada estate planning can include blended families

In Nevada, there are many considerations as people begin to think about an estate plan. Among those are the need to determine exactly who is considered family, a recent report asserts. This is important, particularly for those who are interested in estate planning for multiple generations. In fact, some may be surprised to learn that only 10 percent of people are successful in passing money through to four generations

In Nevada, estate planning can benefit all involved

Avoidance of taxes such as the estate tax are not the only reasons that people in Nevada should consider estate planning, a recent article asserts. In fact, estate planning for tax avoidance is just one of the many benefits that can be offered by taking such an action. It can also help to ensure that a person is able to have their assets distributed in a manner that they would wish after they die.

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