Sean Tanko

Las Vegas Estate Planning & Probate Attorney

  • Home
  • Trusts
  • Wills
  • Probate
  • Blog
    • Articles
  • Contact Sean

Mar 06 2018

Essential Estate Planning Tips

Estate Planning Guidelines You Should Know

No matter how large or small your estate is, it’s highly recommended that you perform some estate planning to ensure your assets are handled exactly as you want them to once you’ve passed away. Not only will creating these documents allow you to help your family, but it will also allow you to dictate every facet of how your care is handled while you’re still alive, among other things. An estate planning attorney in Las Vegas can help draft these important legal documents for you.

Determine Who Gets What

One of the most important aspects of estate planning is the preparation of a will. If you fail to prepare a will before your death, federal and state laws will determine who inherits your assets. By preparing a will early, you can determine who gets what so you have complete control over the dispensation of your assets. The assets you leave to your beneficiaries can extend to non-financial assets as well. It’s vital to understand that some assets have more specific rules tied to them, such as a tax-deferred retirement account or life insurance policy. This is why you should work with an attorney for your estate planning.

Minimize the Taxes

When setting up a will, it’s likely that you will want your beneficiaries to have to pay minimal inheritance taxes or estate taxes as possible. You can minimize the amounts they will be responsible for by making some good financial decisions with the assistance of an attorney and professional financial planner. For instance, a nontaxable gift of up to $13,000 can be made to each beneficiary. There are also several tax-free assets to consider, such as life insurance policies and Roth retirement accounts.

Consider Life Insurance

Life insurance is another good way to ensure your family has some financial support even after you’re gone. There are a variety of life insurance plans at your disposal, each of which allows you to take care of your family’s needs when you’re no longer able to.

Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin
Email this to someone
email

Written by editor · Categorized: Blog

Call Us Today!

702-463-8700

Email Us

Use the form below to send us an email. A representative will call you back within 24 business hours.

Practice Areas

Our law firm specializes in the following:

  • Trusts and Wills
  • Estate Planning
  • Asset Protection
  • Probate
  • Trust Administration
  • Guardianship
  • Business Planning

Office Location

We'd love to meet you in person! Walk-in appointments are available. Please give us a call at 702-463-8700 to set up an appointment.

Our office is conveniently located at:

8670 W. Cheyenne Ave.
Suite 130
Las Vegas, NV 89129

We also make house calls, so we can come to you to discuss your needs.

Find Us

Facebook
Twitter

Notice to the Public: Nothing contained on this Web site or communicated through it by any means, including e-mail, by the prospective client, will create an attorney-client relationship.
Neither the State Bar of Nevada nor any agency of the State Bar has certified any lawyer as a specialist or as an expert.
Anyone considering a lawyer should independently investigate the lawyer's credentials and ability.

Copyright © 2015 - 2020 · Sean Tanko