Dealing with the passing of a parent can be a very difficult time for you emotionally. The business of handling their estate can be stressful and can appear to be complicated at first. If your parent passed away with any debts to his or her name, the process will depend on what types of debt remain due and whether the estate will be responsible for them. [Read more…]
Talking about estate planning and preparing for unexpected scenarios may not be something that strikes you as pleasant at first thought. However, it is much less painless than you might think and is absolutely essential to ensure that you and your loved ones are taken care of during life’s unfortunate turns. [Read more…]
After all of the hard work and sweat that you have poured into your business, it is probably hard to imagine retiring at some point and passing the baton to the next generation of leaders. This time will come, however, and you will want to make sure that you are as prepared as possible to get through an efficient transition and to preserve the wealth and best interests of your business. [Read more…]
If you have an elderly loved one who is no longer able to care for him or herself, you may need to go through the process of appointing a legal guardian to make decisions for that person. The same is true for children whose parents are no longer able to care for them. In such cases, a guardian has the ability to make legal decisions for the child or incompetent adult. Such legal decisions include matters of schooling, health and medical care, and day-to-day life. Through guardianship, a more stable and safe environment can be established for the ward. Additionally, in Nevada, guardianship is not limited to the guardianship of persons. It may also be the case that a guardian is needed for the estate of a minor child or incompetent adult.
What You Need to Know About Nevada Asset Protection
After working your whole life to provide for your family and future, it is only prudent to want to protect your assets as much as you can. One effective option for this is an asset protection trust in Nevada. This is an instrument that allows the grantor, the person who owns the assets, to establish the trust and to have the power to decide how the trust will be set up and the assets distributed. They also become the beneficiary of the trust. [Read more…]