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What You Must Know About Domestic Asset Protection Trusts

What You Must Know About Domestic Asset Protection Trusts

By Lee Kiefer & Park, LLP

If you’ve worked hard to build wealth, you need to know about Nevada self-settled spendthrift trusts (SSSTs) (created pursuant to Chapter 166 of the Nevada Revised Statutes), or as they are sometimes commonly referred to in various states, domestic asset protection trusts (DAPTs).  These legal tools may help to protect property from lawsuits, creditors,… Read More »

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Multistate Property Key Insights for Ancillary Probate Cases

Multistate Property: Key Insights for Ancillary Probate Cases

By Lee Kiefer & Park, LLP

When someone dies owning property in multiple states, their estate may need go through more than one probate process. If your loved one owned real estate outside of Nevada, you’ll likely need to open a probate proceeding in each jurisdiction where the real estate is located. This is called “ancillary probate,” and it adds… Read More »

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Trustee Not Communicating Here's How to Legally Demand Action in Nevada

Trustee Not Communicating? Here’s How to Legally Demand Action in Nevada

By Lee Kiefer & Park, LLP

When your trustee stops responding to your calls, refuses to provide account statements, or ignores your requests for information about the trust, you’re not powerless. Under Nevada law, trustees have strict legal duties to communicate with beneficiaries, and you have rights to insist on transparency. If you’re a beneficiary and your trustee won’t talk… Read More »

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Clark County Probate vs. Trust Administration: What's Easier for Your Family?

Clark County Probate vs. Trust Administration: What’s Easier for Your Family?

By Lee Kiefer & Park, LLP

You’re thinking about your family’s future. What happens to your home, your savings, and your belongings when you’re gone? In Clark County, Nevada, you have two main choices for how your family will handle your estate – through probate court or trust administration. The decision you make today determines whether your family faces months… Read More »

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Trust Administration in Nevada What to Do After a Parent Passes Away

Trust Administration in Nevada: What to Do After a Parent Passes Away?

By Lee Kiefer & Park, LLP

Losing a parent is never easy. If your parent set up a trust and named you as a trustee, you’re probably wondering what that means and what you need to do next. The good news is that your parent created this trust to help you and your family. They wanted to make things easier… Read More »

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Living Trust vs. Will Which One Protects Your Family Best in 2025

Living Trust vs. Will: Which One Protects Your Family Best in 2025?

By Lee Kiefer & Park, LLP

Thinking about what happens down the road isn’t always easy. Maybe you’ve thought about making a plan for your estate and who will get it someday, but it feels confusing or even a little scary. You just want to make sure your family is taken care of and doesn’t face big problems after you’re… Read More »

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Waiting to Plan Your Estate Could Cost Your Family Thousands

Waiting to Plan Your Estate Could Cost Your Family Thousands

By Lee Kiefer & Park, LLP

Waiting to create your estate plan or waiting too long to update the one you already have can cause many problems and potentially thousands of dollars. You’re busy, and planning for what should happen if you become seriously ill or die unexpectedly may not be at the top of your ‘to do’ list. But,… Read More »

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How to Prevent Family Disputes Over Inheritance

How to Prevent Family Disputes Over Inheritance

By Lee Kiefer & Park, LLP

Preventing family disputes over inheritance can be a significant goal for those engaging in estate planning. It leaves a positive legacy. You don’t want the positive memories of what you put together for your family to be tangled up with disappointment and anger over what you did or didn’t leave to a loved one…. Read More »

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Prepare for Reduced Federal Estate Tax Exemption in 2026

Prepare for Reduced Federal Estate Tax Exemption in 2026

By Lee Kiefer & Park, LLP

Did you know the federal estate tax exemption is set to drop by nearly half in 2026? If your estate is large enough to face a federal estate tax, without proper planning, your family may face a significant tax liability.  Attorneys at the estate planning law firm of Lee Kiefer & Park will discuss… Read More »

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Federal Estate Tax Exemption: Potential Changes Await in 2025

Federal Estate Tax Exemption: Potential Changes Await in 2025

By Lee Kiefer & Park, LLP

Federal estate taxes and exemptions are controlled by federal law, and there will be changes after 2025 (barring any new laws being passed between now and then). You must have accumulated a substantial net worth before the federal estate tax will apply to you (the federal estate tax exemption being $13,990,000 and a combined… Read More »

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