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Build Back Better Act


2021 was an interesting year for estate planning professionals and high-net-worth individuals and families. After a year of speculation and legislative uncertainty, congress was unable to pass the Build Back Better Act. On September 15, 2021, the House Ways and Means Committee released legislative text detailing their proposed tax increases as part of President Biden’s […]
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One… Two… Three… Trust


We continue to meet with clients who still utilize what’s called a Two Trust or an AB trust. Back in its day, having an AB Trust allowed married couples to essentially double the amount that could be passed to the next generation by preserving the 1st spouse’s exemption at their death and allowing an additional […]
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Adult Children and Your Liability


According to Nevada law (NRS 41.440), any liability imposed upon a spouse, son, daughter, parent, or other immediate family member arising out of his or her driving and operating a motor vehicle with the permission, express or implied, of such owner is hereby imposed upon the owner of the motor vehicle, and such owner shall […]
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Having a Will Does Not Avoid Probate


We often get asked whether having a Will is sufficient to avoid probate in Nevada. The question is usually asked by children of a deceased parent who are facing the time-consuming and expensive probate process because proper estate planning did not take place during the parent’s lifetime. The answer, in short, is that in Nevada […]
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Sanders’ 99.5% Act Estate Tax Proposal


Recently, Bernie Sanders presented his proposed tax reform legislation, which outlines drastic changes to the estate and gift tax exemption. While it is our hope that this proposed law will not be enacted, it seems best to “plan for the worst and hope for the best,” given the unpredictable political climate, and the possible changes […]
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Becoming a Resident of Nevada


Generally, a person’s “domicile” is his or her primary legal residence. While a person may have several residences or places where he or she lives, in the United States a person may only have one domicile or legal residence. Each state has its own rules for establishing legal residence, and it is possible for more […]
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10 Estate Planning Tips for Newlyweds


Choosing colors, cakes, decorations, and invitations can seem daunting, but once the big day is over, there are other important considerations. Whether or not it’s your first walk down the aisle, it’s important to nail down particular aspects of your estate planning during this pivotal time.  Estate planning isn’t just for those with more experience […]
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