Recent Blog Posts
What is an LLC, and Why Use an LLC to Hold Property?
An LLC is a type of business entity used to operate a business. Limited Liability Companies (LLCs) can be formed by individuals, partners, or groups. The owners of an LLC are called “members,” and one or more of the owners may also serve as the manager of the LLC – or you may have… Read More »
Placing Conditions on a Trust for Children
A will usually comes to mind when people think of estate planning; however, you may want to consider a trust if you plan for your children to inherit any of your assets. You can establish specific stipulations or certain conditions for your children through the implementation of a trust. What is trust and what… Read More »
Retirement Planning and Estate Planning: the concepts and differences explained
Nevada is a great place to plan for your retirement and for your estate. Nevada does not have a state income tax. So, while federal taxes will still apply to your income, retirement benefits and social security benefits, you will not pay any incremental state tax on such items to the state of Nevada…. Read More »
Guiding an Elderly Parent through Estate Planning
Although death is the one thing life guarantees, it doesn’t make speaking about it any easier. Many people avoid having this difficult conversation with their parents. They prefer to put it off into some unknown time in the future. However, suppose a parent passes without any legal plan in place. In that case, their… Read More »
The Benefits of a Living Trust in Nevada
When people think of estate planning, they usually think about wills. A will is an essential start part of estate planning because it directs how your property passes after your gone. However, with a will alone, there is a probate process, and courts are involved. But a will is only one tool in the… Read More »
How to Create an Estate Plan as a Single Parent in Nevada
Although single parents share some of the same hurdles as other parents, they often face those hurdles without someone else to step in and help when unexpected life events happen. Doing things alone bears its own unique set of challenges. In some situations, single parents may have the help of family, friends, or neighbors… Read More »
Why Have Healthcare Power of Attorney and a Financial Power of Attorney
The process of estate planning includes preparing for the future while safeguarding your assets along the way, ensuring all your desires are in place to facilitate a smooth transition for your loved ones after you are gone. However, unanticipated situations can arise during your lifetime necessitating the need for others to step in and… Read More »
Nevada’s Homestead Exemption Laws and What it Can Do For You
The Nevada homestead exemption law is among the most generous in our nation. Thanks to Nevada’s strong public policy, residents in Nevada can now keep their homes despite entry of a judgment against them. How does Nevada’s Homestead Exemption Law Work? Homestead Declaration forms are filed with the County Recorder by Nevada homeowners so… Read More »
Property Exempt from Execution
When a judgment is entered against you, a creditor will look to enforce it by seizing a debtor’s property. Once a creditor obtains that property, they will sell it to satisfy the debt. That process is referred to as “execution.” Even if a judgment exists, certain types of assets cannot be taken from you… Read More »
The Different Types of Trusts: How Are They Used?
One fact of life is that the possessions we acquire and the wealth we build cannot go with us when we pass. To dictate what happens to their possessions and wealth, individuals undergo a process to make their intentions clear. Many use a Will to show which individuals will receive which possessions. Others know… Read More »
