Many of my clients are surprised to learn that the State of Nevada has laws that provide who inherits their property in the event they die without a Last Will and Testament (“Will”) or a valid estate plan. The laws are primarily set forth in Chapter 134 of the Nevada Revised Statutes. The law makes a distinction between community property and separate …

Nov

Nevada Asset Protection Trusts

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One of the most frequent questions I receive from my clients, friends, and attorneys outside of the state of Nevada is “What is an asset protection trust?” Asset protection trusts have become the hottest estate planning topic of late, and they can be an effective component of an estate plan if formed and used properly. In general terms, an “asset …

Oct

The Importance of Revisiting Your Estate Plan in Nevada

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If you have an estate plan, congratulations! According to most authorities, you are in the minority. In a recent article published in the Wall Street Journal, over 50% of Americans do not have an estate plan or medical directives. In other published articles, this statistic is as high as 70%. Creating an estate plan is a crucial step in getting your …