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Welcome to Las Vegas Estate Planner.com
Did You Know?
A Will, is sometimes called a "Last Will and Testament"
Used to transfer property you hold in your name to the person(s) and/or organization(s) you want to have it. A Will also typically names someone you select to be your Personal Representative (or "Executor") to carry out your instructions and names a Guardian if you have minor children. A Will only becomes effective upon your death, and after it is admitted to probate.
In Nevada if you die without a will, your family could be in for more than they bargained for. You sons and daughters could be left fighting over their share of your estate. If you are located in another region of the country contact one of our estate planning attorneys nationwide. Don’t make them go through that hassle; contact our Nevada Estate Planning Lawyer to help get your affairs in order.
[1] Gross estate is shown at the value used to determine estate tax liability. The value could be determined as of the decedent's date of death or 6 months thereafter (i.e., alternate valuation method).[2] Includes U.S. territories, U.S. citizens domiciled abroad, and a small number of returns for whom State of residence was unknown.[All figures are estimates based on samples--money amounts are in thousands of dollars] in Nevada
Gross estate tax purposes
538
Gross estate tax Amount
1,255,295
Total allowable deductions Number
538
Total allowable deductions Amount
520,231
State death tax credit Number
239
State death tax credit Amount
40,655
Net estate tax Number
236
Net estate tax Amount
167,196
Source: Internal Revenue Service, Statistics of Income Division, Unpublished Data, April 2003.
Our Nevada Estate Planning Attorneys can help you decide how best to transfer property, and how to resolve other personal matters including tax planning. Estate-planning lawyers can also help you with the most important part of the estate planning process: Making a will.
If you don’t have a will, the state of Nevada will control who gets your property by default. While most states have their own unique laws descent and property distribution, most states give your children priority when it comes to doling our your possessions.
State laws are modeled after what the legislature thinks most people will want to do, but whatever the laws say might not be in line with your wishes. An estate-planning lawyer can help you draft a will that explains your wishes in great detail.
Our Nevada Estate Planning Attorneys can also help you set up a trust. A trust holds your property until your death and then disperses the property according to your wishes. Trusts can can be created by your will, or the can be revocable or irrevocable.
Most parents use trusts to better prepare for their children’s needs at the time of their death.
Issues and topics related to Nevada Estate Planning include:
Pensions and the Future of Savings
Audio, RM, 44 Kbps, 8:46, 11/17/2004
Pension plans were once considered a good bet for a comfortable retirement -- but these days it can all seem like a gamble. Major companies are defaulting on their pensions, and it's not clear who's going to pick up the tab. We discuss the future of pensions. Source: National Public Radio
Nevada External Sites
ACTION PLAN TO ASSIST SELF-REPRESENTED LITIGANTS
Represented Litigant Action Planning Team representing both Nevada and Sierra ... Probate/Estate Planning. Judicial Council Forms; referral Legal Ser PUBLIC LAW CENTER
SUPERIOR COURT OF CALIFORNIA, COUNTY OF NEVADA. CONFIDENTIAL INTAKE FORM ? ... Probate/Estate Planning. Other. 7. Your monthly income: $ ...
Newsroom
Latest news about Financial & Estate Planning in Nevada and nationwide:
Estate And Gift Taxes
Generally, you do not need to file a gift tax return unless you give someone, other than your spouse, money or property worth more than th... Read more >
Not Much More Than Deciding To Write
Estate Planning use to be not much more than deciding to write a Last Will and Testament, and hiring a lawyer to follow through with this decision.... Read more >
Definition:
Legally unable to manage one's own affairs due to mental disability. This may be temporary or permanent.
Gross Estate
Definition:
The value of an estate before the debts are paid. In California Probate statutory attorneys and personal representatives fees are usually calculated based on the gross value of the estate, so that the value of the home is calculated before deducting the amount due on the mortgage.
Exemption Credit
Definition:
The amount of tax credit, similar in nature to the personal income tax exemption, applied to the transfer tax due at a person's death.
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Did You Know?
Estate Tax Returns Filed in 2001: Gross
ACTION PLAN TO ASSIST SELF-REPRESENTED LITIGANTS