Joint Tenancy Disasters

Some advisors recommend using joint tenancy rather than a Las Vegas Living Trust as a method to avoid probate.  If property is held jointly and one of the owners dies, the property may pass to the surviving owners by “operation of law.”  Jointly-held assets create unintended consequences and should be avoided. Let’s suppose you are single and you have three ...

When An Older Woman Marries Older Man

Often I write about the dangers to your family if you marry a “Gold Digger” if your spouse dies.  Without proper planning, a remarriage can dramatically alter the disposition of your assets when you die.  In community property states, like Nevada, any assets acquired during the marriage are presumed to be community property such that if there was a death, ...