Recent Blog Posts
Court Jurisdiction: The Court and Types of Probate Proceedings in Nevada
It is often the case that individuals execute a Will to express their wishes as to the distribution of assets after they die. Whether or not a person has a Will, cases must go through the Probate Process. This article discusses the different options available depending on the value of the estate. The experienced… Read More »
Community Property: I’ve Heard Nevada Is A Community Property State but I Don’t Know What That Means?
If you live in Nevada and are married, there is a good chance you have heard the term Community Property. Only nine out of the 50 United States use Community Property for property ownership. Nevada is one of them. What does that mean? This article works to help explain some of the specifics. The… Read More »
Divorce and My Trust: Will I Lose Property?
Millions of people around the world long to find a partner and look forward to a marriage that will last a lifetime. Human beings desire to love and to be loved. Along the path of life prior to marriage, people acquire property. Some property is bought, some property is inherited, and some is simply… Read More »
Debt: When I Die Having debt, What Happens to The Liability? Does It Go Away?
One of the hardest things to do in life is avoid debt. In the world today, we have so many attractive products that push us to spend beyond our means in addition to the common desire to own a home and car. This debt comes in many forms. Examples include a loan for a… Read More »
Trustees: How does a Trustee account for their actions In Managing the Trust?
People all over the world spend a lifetime chasing dreams and building a life. Most people want to have a say in what happens to the property they acquire after their death. This desire leads many to create estate planning documents that lay out distributions of assets. As a way to keep order and… Read More »
I’m the Trustee and a Beneficiary: If I Neglect My Duty, Can I Lose My Inheritance?
It is common to be listed as both the Trustee and Beneficiary of a Trust, but it is important to remember that both roles have different responsibilities. If you are both the Trustee and Beneficiary and the Trust explicitly states that you can lose your inheritance for neglecting your duties, it is best to… Read More »
What Does It Mean to “Close An Estate” in Nevada And How Much Will It Cost?
If you talk to anyone that has served as a personal representative, or anyone that has been a beneficiary of a Will, they will both tell you the same thing. Both will say they would like the process to go faster. For a personal representative to finish their duties and for beneficiaries to receive… Read More »
How to Choose a Nevada Lawyer to Handle Probate
Unfortunately, the time has come. A loved one has passed away. If the decedent had a will, the decedent named an executor – you. Or if the decedent died intestate (without a will), it turns out that you might be the one whom the law selects to be administrator of the estate. There could be… Read More »
Challenges to Trusts or Wills: What Did the Settlor or Testator Intend?
The passing of a parent can cause discord within a family. This is especially true when a parent has left assets for their children. The children might not be convinced that the parent meant to leave assets in the way a will or trust states. Or the children might be dissatisfied by how the… Read More »
What is a Breach of Fiduciary Duty in Nevada?
A recent Nevada law expanded the fiduciary duties of financial professionals. In Nevada, financial planners, trustees, investment advisors, and other professionals must make disclosures to their clients about fees, insurance, investments and other actions. Fiduciaries must put their client’s interests ahead of their own interests.
