Recent Blog Posts
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 »
I Have Been Named As Trustee: What Do I Do?
When creating a Trust, one must designate a Trustee to manage the assets of the estate. One individual, several individuals, family, friends, professional advisors, an institution, and others can be designated as Trustees. Being designated as a Trustee brings many responsibilities that must be performed. The experienced trust and probate attorneys at Lee Kiefer… Read More »
30 Probate and Trusts Terms You Should Know
In the world of Probate and Trusts, many terms exist that at first look, might seem hard for nonlawyers to understand. With this article, it is our hope that the experienced trust and probate attorneys at Lee Kiefer & Park, LLC, can help alleviate this concern by simplifying 30 terms. Lee, Kiefer, & Park,… Read More »
