Estate and Financial Planning
EVERY FAMILY NEEDS A PLAN
While some firms pander to only a very few wealthy clients, I sincerely believe every family needs a proper plan, which is why we offer planning for every situation and every price range, from the basic to the advanced. Our mission is simple: to help every family have access to quality planning at a cost they can afford.
ESTATE PLANNING IN NEVADA
You will find that estate planning in Nevada is somewhat different from estate planning in other states, mainly because each state is free to enact its own state laws for the benefit and protection of its residents. Nevada has specific laws that pertain to Wills, living wills, health care directives, durable powers of attorney, trusts, corporations, limited liability companies, and limited partnerships.
Nevada has some of the most favorable trust and corporate laws in the nation. The state of Nevada is certainly tax-friendly for retirees since it does not collect a state income tax, has low property taxes and ranks among the top five states with the lowest overall tax burden. In addition, the state of Nevada currently does not collect an estate tax at the state level.
ESTATE PLANNING AND GUARDIANSHIP
Estate planning can be challenging and overwhelming, especially when it comes to choosing a guardianship for your children. It is not unusual to elect a guardian during your estate planning. In fact, it is highly recommended. No one knows when an unexpected turn of events may occur that can leave children of a household without their parents. It would undoubtedly be a difficult time. However, with the right estate plan in place, your children will be taken care of the way you want them to be. Seeking a professional estate planning attorney in Las Vegas, NV to help you with your plan is essential. Your estate planning attorney will navigate you to the best solution for you and your family.
A misconception that many people have about estate planning is that you have to be wealthy. The truth is you don’t have to be wealthy to have an estate plan. Estates come in all shapes and sizes, and all over the financial spectrum. Your attorney can help you decide the best options to secure your estate plan financially.
An estate plan that designates a guardianship of minor children is imperative. Families with children should define care if the parents pass away or become incapacitated. The matter will go before a judge if a guardianship is not in place. This circumstance can become messy among family members and the children involved. It is essential to have guardianship defined in an estate plan to avoid any confusion or altercation. Your estate planning attorney in Las Vegas, NV will guide you through the proper steps of assigning a guardianship.
CHOOSING A GUARDIAN
When deciding on a guardian, it is essential to take time and consider all of the factors that you require from the person who will be taking care of your children. A parent should consider their candidate’s parenting style, values, and religious beliefs. Does your candidate have their own children? If your candidate has children, it would be wise to observe how they raise and discipline them. If they don’t have children, you should have an in-depth conversation about how they feel about raising and taking care of children, especially when they’re someone else’s.
Parents should also consider whether their candidate is emotionally able to care for children. A young adult may not want the responsibility, and people who have a full household may not be able to give the necessary attention to a child who is not their own. There are many factors to consider. Making a list of the people you believe are good candidates is a beginning, and expanding that list to include the pros and cons of their familial dynamic will help guide you toward the right person for your family.
Taking care of children is expensive, and having a financial plan to cover expenses is vital. The people who will be designated as a guardian should not have to shoulder the financial responsibility of taking care of your children. It is imperative to ensure that you leave a sound financial estate plan in place. Consulting an experienced estate financial planning attorney in Las Vegas, NV, such as Attorney Darren Weiss, will be invaluable toward your estate planning goals.
KNOWLEDGE YOU CAN TRUST
It is estimated that only 15% of families in the U.S. have done any type of estate or financial planning. Reaching your goals both during your life and after your death requires a little pre-planning. Of those that do have a will or trust, many have plans that are obsolete, outdated or non-compliant with the law. Many of these documents came from do it yourself type websites and are not state specific or legally valid. Sometimes they omit important contingencies you may not have thought of.
For example, if you leave everything to two children in equal shares, what happens if at the time of your death one of your beneficiaries has predeceased you? What if you pass at the same time with your spouse?
Many of these obsolete documents come from an earlier time in your life. Could you imagine your entire estate passing to your ex because you never got around to updating your will? It happens…
Your estate plan needs to be reviewed whenever there are major changes in your life. Every time there is a birth, death, marriage, divorce or other major life event, it can’t hurt to take a look at how your estate plan might need adjustment. Without a properly drafted plan the nightmares of family feuds over money, endless and expensive probate, unwanted guardianship over minor children, the draining of a loved one’s inheritance, and even elder abuse can become a reality.
ESTATE PLANNING INDEX
- Asset protection
- Charitable trusts
- Credit taxes
- Durable power of attorney
- Establishing residency in Nevada
- Health care directive
- Irrevocable trusts
- Legal entities
- Lifetime gifts
- Living wills
- Nursing home care
- Reviewing your estate
- Revocable living trusts
5 Things Estate Planning Can Do for You, Your Family and Your Business.
Hi, my name is Attorney Darren Weiss, and if you are a Nevada resident I would like to offer you a very valuable report that will help you better plan for the future and protect the people that matter most to you.
There are countless strategies and tools estate planners use to meet their clients unique needs and goals, but there are five key elements that everyone should focus on. This free report explains these 5 essential areas and will help you start to build a smart estate plan. After reviewing this report you will:
- Know how to keep your affairs private
- Know how to keep your family out of probate court
- Know how to provide for your children now, nominate a guardian in the future if necessary, provide for their medical needs and education, and eventually pass on your estate to them at the age you choose with a minimal tax bill.
- Know how to express your wishes now regarding life support should you become incapacitated.
- Learn which estate planning tools can give you peace of mind to you and your loved one now and for the rest of your life.
This report is 100% free. Our mission is simple: to help every family have access to quality planning at a cost they can afford. Please use the form below to request your free report.
Darren L Weiss, Esq.
P.S. After you request the report, call or text today for a free estate planning review. Learn about wills, revocable living trusts, living wills, health care directives and much more. (702) 829-7222
I’ve compiled years of experience and industry knowledge into one concise e-book. Why would I give all this information away, and for FREE? It’s simple… My mission is to ensure that EVERY family has access to quality planning.
Call Now For A Consultation