Estate planning is an important part of taking financial responsibility. It involves making critical decisions about how your assets will be distributed and managed during periods of incapacity and after you pass away. While it may not be the most comfortable topic to discuss, estate planning is essential to ensure your loved ones are cared for and your assets are managed according to your wishes. LKP is a Las Vegas, Nevada, estate planning law firm that helps clients plan their estates and prepares legal documents to put those plans into...Continue Reading...
Having an effective and comprehensive estate plan is extremely important for anyone. Estate plans help people ensure that their assets are distributed according to their wishes. Legal disputes may also be avoided with a well-executed estate plan. Estate plans need to be legal, as defined by the California Legislature, and they also need to appropriately address every person’s individual wishes. If you are ready to put an estate plan in place, you could try to study the law and do it yourself. However, hiring an estate planning attorney...Continue Reading...
Probate is the legal process that occurs after a person’s death. During probate, the person’s assets will be distributed either according to his or her will or according to state law. The exact manner of distribution largely depends on who is receiving the property and the how much preparation the now-deceased person made beforehand. If he or she utilized an estate planning attorney, then probate could be a simple and quick process, which allows for the relatives and loved ones to receive their distribution quickly. On the other hand,...Continue Reading...
Do you need an estate plan? Are you confused about this? To avoid the confusion, first ask yourself the following questions:What would happen if I die today?What would happen to my wealth?Does my spouse know about the investments, insurances, debtors and creditors that I possess?Whether my wealth be appropriately distributed according to my wishes?Will there be any financial conflicts in my family? Whether there might be multiple claimants for my assets?If you are a business owner then similar issues will be applied to your business as well? Will...Continue Reading...
