Since 2011, property owners in Nevada have been able to transfer real property at death with a transfer on death deed that was recorded prior to death. After the death, the beneficiary named in the deed merely files an Affidavit of Death of the Grantor along with a death certificate and, voila...
You made a trust and with it a will, financial power of attorney and advanced health care directive. You may even have signed a deed and other supporting documents. Hopefully, your attorney spent considerable time with you going over the trust and explaining what to do next. As he or she was disc...
So you've decided to merge your families. Amidst all the excitement and anxiety, you probably forgot about estate planning (don't worry, you're not alone). But remarriage raises several issues unique to estate planning. First, you need to make sure that you have replaced your former spouse as b...
Believe it or not, I get a lot of questions about creating a will from a prepackaged program, online, or even by yourself. Is it good enough to do it by yourself, without legal counsel? In most cases, I would say an undeniable and emphatic “NO”! A will is a set of instructions that direct how ...
If you're like many children, your parents decided to up and retire in a more temperate climate. So, they packed up and move to the sunny shores of Florida, Arizona, Nevada or any number of other states that lure retirees. Or, maybe you moved away from home leaving your parents without family l...
Probate isn't always bad, but most of the time, it is a waste of money and time. Probate is a court supervised legal process whereby the court makes sure your debts are paid and any remaining money or assets distributed to those people entitled to them. What this means is that if you don't plan...
Think of a trust as a box in which you put your property; your house, boat, cars, bank accounts, etc. Trusts serve several purposes: 1. Avoid probate; 2. Avoid or eliminate estate taxes; 3. Guardianship in the event of incapacity; 4. Continuity of asset management; and 5. Asset Protection M...
How do you transfer title to your home after you die? In most instances, property can only be transferred through a trust or the probate process. As I've discussed previously, probate is usually not the desired approach as it takes time and money. You can put your property into a trust, but if...
Planning for Your Life Together – And Beyond Now that you've decided to register your domestic partnership, you need to plan for your life together. If you and your partner decide to be just roommates you have no property or inheritance rights. But, as registered domestic partners, you have bot...
Family Matters Before you take the plunge and register your domestic partnership, you should know what you are getting yourself into. Aside from the things your mother will warn you about, domestic partners possess just about every legal right and responsibility as married couples, for better or...
Effective October 1, 2009, Nevada became one of only a handful of states that recognize a type of civil contract called a domestic partnership. Under this law, domestic partners, same-sex or otherwise, have the same rights, protections, benefits, responsibilities and obligations as spouses. Bu...
When most people hear “estate plan” they have no idea what that means. I always hear “I don't own any property” or “I don't have children, why do I need an estate plan?” I tell them that an estate plan is not about today, but the future you are building for yourself and your family. Don't you ...
I've discussed this topic before, but it is becoming more important in an aging society. As our parents age their physical deterioration may be obvious, but it is easy to ignore, or for them to hide, mental deterioration. So, how do you as a child assess whether your parent needs help? There a...
Affiliations
