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February 2014 Archives

Trust administration and the benefits of a living will

Estate planning can often be a complicated process and trust administration is equally complicated for a family after the death of a loved one. If a Nevada resident has concerns over trust administration, it may be beneficial to consider a living trust. There are many benefits to this decision but it is always best to consider all options before making a decision.

Steps to take for proper estate administration

Estate administration can be a complicated and confusing process, as many Nevada couples may already know. This is why it is especially important to ensure that every proper document is in place, and that the administrator knows how to handle his or her role after the death of a loved one. Estate administration is often more complicated for high asset estates or wealthy individuals.

Paul Walker's estate planning provides for his daughter

Most everyone in Nevada knows that on Nov. 30, 2013, actor Paul Walker died in a car accident. Walker's parents and 15-year-old daughter survived him. Recently, Walker's father filed a probate for his estate. It turns out that Walker's primary estate planning goal was to provide for his daughter through a trust.

How are children affected by public wills?

When the famous billionaire Harold Simmons passed away, Nevada residents may remember the interest shown regarding his children and the will. Because of the large amount of wealth and valuable assets to be distributed, lawyers for Mr. Simmons' children have asked that the will not be made public. The details of wills are made public after a certain amount of time, barring an injunction from a judge.

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