People are asking how to protect their family during this Coronavirus situation. Of course, we all know the typical things to do, the washing of the hands and doing the social distancing and all of that stuff. What comes up legally is to talk about estate planning in general, which also includes incapacity planning. I think it’s appropriate to focus more on the incapacity planning of an estate plan right now because that’s come up as a potential issue lately. Whenever we do a

What are the differences between irrevocable and revocable trusts? When we talk about trusts there are two main types: revocable trust and irrevocable trust. A revocable trust means that you can set it up and then you can decide at a later date that you want to completely dissolve it. An irrevocable trust means that you can’t actually dissolve it. It’s going to exist in perpetuity, even if there isn’t anything in it. Please note that there are many other types of trusts withi

What happens if someone in Nevada dies without a will? A common misconception is that the state automatically gets a person’s assets, but that’s not true.  Intestate Succession statutes are laws that come into play when someone passes away without a will. If you pass away without a will, then you don’t have a plan in place to tell the world who gets your stuff. Therefore, the court is going to have to look to the statutes to determine who gets what and those statutes or those

I receive a lot of questions from potential clients about wills and there’s a common misconception that if you have a will then you will avoid probate. That’s not necessarily true in most cases. You wouldn’t do a will in order to avoid probate. What a will is, is a document that outlines your wishes and what will happen when you pass away. In that document, you have the ability to name―what’s called a personal representative of your estate―which is the executor of your estate