- 702-318-5060
- intake@joneslobello.com
- Las Vegas, Nevada 89147
Proper estate plan
Without a proper estate plan, your family’s matters are sorted out publicly through the probate process.
Estate planning provides a road map to accomplish unfinished business.
An estate plan can also include health care directives to give you a voice about your medical treatment when you may not be able to speak for yourself. Make sure the choice is yours.
You probably also want to control how and to whom your assets are distributed and not leave it up to a probate court to make a public decision for you. An estate plan can help accomplish your goals by you expressing, in writing, who you want to receive your assets and when you would like them to receive those assets.
Your estate plan can grow and change with you. Creating an estate plan lays out the foundation for your affairs. You can update this annually or whenever necessary as your life changes. Planning ahead will keep your family’s affairs private and prevent your family from having to guess or, even worse, quarrel!
Our team will reach out to you to go over some basic questions about your finances, your family and your Estate Planning goals.
During your consultation, your attorney will go over the entire process with you and explain each step in the simplest of terms. We aim to ensure you understand your options so we can put together the best plan for your situation.
After your consultation, our team drafts the documents required by the plan you crafted with your attorney. You meet with our team again, either virtual or in-person, to review the documents, make any additional changes and sign.
So many people delay creating an estate plan because they don’t think they own enough, are not old enough, or they just don’t want to think about it. It does not matter how large or small your estate is, in either case, there is plenty of unfinished business for your loved ones to take care of upon your incapacity or untimely death. Take action now to plan your estate.
You may consider your pet part of the family and wish to ensure their care when you pass away. Under Nevada law, a pet is ‘personal property’ so, while you cannot leave money or property outright to your pet(s), Nevada law does specifically authorize the creation of a Pet Trust, in which a person can leave money for the benefit of their pet(s). NRS 163.0075
In Nevada, whether you die with or without a Last Will and Testament, your estate will be subject to the probate process if your assets meet the statutory limits. and Nevada Statute dictates who can represent your estate as Administrator, and who reaps the rewards of your hard-earned assets.
Upon your death, your Last Will and Testament is filed with the Court, and becomes public record; however, if your Will is a pour-over Will, and your RLT is the named beneficiary, details of your actual beneficiaries and their distributions typically remain private. Read more.
If you are considering creating an estate plan, or would like to update your existing estate plan, we would be happy to discuss your needs.
A Revocable Living Trust (RLT) is an effective tool for preserving privacy, eliminating the need for probate and preparing your estate for ease of transition upon your death. The RLT is established by written agreement and records the arrangement wherein you transfer ownership of your property into the Trust during your lifetime.
