The Power of Sentimental Value

Sentimental value can sometimes be worth more than economic value. Having represented family members fighting over family mementos worth little or nothing money-wise, we have come to realize the power of sentimental value. Nevada, like many other states, allows a person to dispose of his/her tangible personal property by a written list referenced in the […]
Read More

Dangers of Outright Distributions

Many clients feel that once their children or grandchildren reach a certain age, they will have obtained a financial maturity that will enable those beneficiaries to make good financial decisions and not spend their inheritance in one visit to a casino.   Thus, in many estate plans beneficiaries are entitled to receive their inheritance all […]
Read More

Non-Judicial Settlement Agreements in Nevada

One of the primary reasons a person creates a revocable trust is to avoid probate, the formal court supervision of an estate proceeding, upon their death.  The goal is to have no court involvement whatsoever in the affairs and administration of the trust.  Even with the creation of a revocable trust, there are situations in […]
Read More