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September 2016 Archives

Leaving a child's inheritance in a trust

Not everyone in Nevada is good at living on a budget or making sound decisions about investments. If a person inherits a large amount of money all at once, they could end up losing the funds after making a series of financial mistakes. To prevent a child from squandering their inheritance, some parents may choose to set restrictions on the money in their will.

Including succession plans in estate planning

Many small business owners in Nevada do not have succession plans in place for their companies. Without them, owners run the risk of their business either not transferring to the next generation or failing. They may be able to avoid this issue by drafting a succession plan that will work for their firms and their families.

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