5 Important Things to Know About the Probate Process

The probate process can be difficult to navigate. Often, people are confused about what happens when an estate enters the process of probate. Who takes care of the taxes, paperwork, appraisals, and distribution of the assets? The information below contains important facts to keep in mind when dealing with probate. Executor The executor of a will is either named in ...

Do I Need an Attorney to Help With My Will?

Wills and trusts are common ways you can convey your assets to other individuals upon your death, according to Cornell University School of Law. You may have reached a place in life that you feel the need to prepare a will. In addition, you may wonder if you should retain an attorney to assist you in preparing it. There are ...

5 Problems with a Living Trust

Living Trust are great tools that are used by many Americans to solve a range of problems from probate, guardianship, divorce, lawsuits and gold diggers. Yet, a Las Vegas Living Trust attorney may not tell you that many Living Trusts may cause more expense and headaches than probate if they are not used properly. Problem 1: Wrong State Forum When ...

Parents Helping Kids

Lately I've come across more and more families that working together to build wealth.  It seems like it's getting harder for kids to get a head start in this economy.  Here are some suggestions from my estate planning and asset protection point of view. The ultimate ownership of the business/assets should be owned by a trust. Do not try to ...

Postnuptials for Children

I have found many parents are worried about the spouse of their children taking too much control over the inherited assets.  I just met with such a person.  The daughter-in-law has been "nasty" to the my client--the mother-in-law.  My client doesn't want her son to lose his inheritance as a result of co-mingling. In other words, when she dies, the ...

Why Everyone Should Have A Will

In our first episode of Family Stuff You Should Know, Gary and Christine Fales discuss why everyone should have a will.  If you have children under 18, the will can name permanent guardians for your minor children.  We discuss probate, heirs and why this should be a document every parent creates.