Talking about finances and health challenges can be very emotional. Many older adults grew up in households where such discussions were largely deemed inappropriate. They may pass those values on to their children, who may then struggle to talk about practical concerns as they watch their parents age. Those with aging parents who are at or past the age of retirement may worry about whether their parents have an estate plan and what the details of that plan might be. How can someone who worries about an awkward and uncomfortable conversation discuss estate planning with their parents? By starti ..read more

Creating an estate plan is not a legal necessity, but it is a practical obligation. Those with sizable personal resources need an estate plan in place to protect those assets and arrange for their distribution to others in the future. Those with dependent family members may need to make a very thorough plan if they hope to protect their children or other loved ones from foster placement and/or financial hardship if they die unexpectedly. It is an investment in one’s future interests to sit down with an estate planning attorney and talk about concerns, priorities and wishes. Of course, this inv ..read more

Those putting together an estate plan have to think carefully about the relationships that they’ve had with their family members and other loved ones. They typically need to very carefully evaluate their financial circumstances to see what resources they can offer and then familiarize themselves with the rules for estate administration and inheritance in Nevada. Technically, children do not have an automatic right to inherit property from an estate unless someone dies without a will or other documents on record. Parents may choose to leave as much or as little of their resources to their child ..read more

In many cases, estate planning occurs when someone’s children have reached the age of majority. They’re already 18 years old or older, so it’s just a process of transferring assets to the next generation. They are allowed to inherit property, so parents can opt to leave them property via a will or trust. However, many parents also begin engaging in estate planning when their children are still minors. It’s often wise to begin estate planning at this time so that there’s a plan in place for these children if it’s needed. But how would they actually receive their inheritance if they’re not yet 1 ..read more

A significant number of adults do not have an estate plan even though they have property in their names or dependent family members. One of the many reasons that people cite for putting off estate planning is that it can be expensive. A review of national costs indicates that many people pay between $150 and $200 just for a simple will. Some questionable online services that purport to offer low-cost wills charge $100 or more for documents that may have no witnesses and may not hold up in probate court. The Cassady Law Offices, P.C. offers fixed-price services Some people worry that working wi ..read more

Your retirement accounts may have a higher total value than the home where you live if you are already close to retirement age. After all, those savings will need to support your household for years after you officially and your career. Experts have long recommended aiming for a seven-figure savings account before retirement. Retirement savings help to provide financial stability and may allow you to pursue exciting opportunities, like traveling, during your retirement. Those funds will also help pay for your medical care. Given that your retirement accounts are likely among your most sizable ..read more

A surprising number of adults are attempting to create their own estate plans. Many are turning to how-to tutorials online which gives them a false sense of confidence about the end product that they’re seeking to craft. Unfortunately, the do-it-yourself (DIY) approach to estate planning employed by many independent adults ends up doing more harm than good in many cases. Why is a DIY estate plan so dangerous? People don’t understand the requirements for valid documents In movies, people scroll out a will with their dying breath alone in a room, signing their name as a candle blows out dramatic ..read more

As a parent, your primary responsibility is to secure your child’s health and well-being. And most parents take this responsibility very seriously. However, there is one aspect that most parents overlook: appointing a legal guardian for their child. Basically, a legal guardian is a person you designate to assume your minor child’s parental responsibilities should something happen to you and the other parent. So how do you appoint a guardian for your minor child? Here are two helpful steps that can help you find the right guardian for your child. Exploring the guardianship criteria The individu ..read more

When you make an estate plan, you’re thinking about what’s best for your family and loved ones. Maybe you want your home to go to your spouse and your car to your child. You may pass away but you’re still leaving something behind for your heirs to cherish and remember you by. However, while your heirs may benefit from your estate, you also have a furry, feathery or scaly friend to think about – after all, they’re just as much family to you as anyone else. So, what can you do for your pet to ensure they prosper after you pass away? It’s important to make sure your pet is continually cared for a ..read more

A will allows you to specify how you would want your estate to be distributed when you die. And by taking the guesswork out of your wishes, you get to eliminate potential conflicts that might complicate the probate process. However, for your Nevada will to be legally binding and, thus, enforceable, it must meet certain conditions. One of these is to ensure that your will is properly witnessed. Why your will must be witnessed In witnessing the will, your witness confirms the following: That the will in question was written and signed by you That your signature isn’t forged That you were not man ..read more