Inheritance Protection in Nevada
Safeguarding Your Assets Before and During Divorce Divorce can be a challenging time, emotionally and financially. One of the critical concerns that may arise during divorce proceedings is the protection of assets, especially inherited assets. In Nevada, understanding the laws surrounding inheritance protection before and during divorce is essential to safeguarding your assets and financial […]
How Often Should I Update My Living Trust?
Why is Important to Update My Living Trust? A living trust, also referred to as a revocable trust, is an agreement between you and a trustee about how your assets will be distributed after your death. It can be used to reduce taxes and probate fees on estates; however, if the agreement isn’t updated when […]
Estate Planning 101
How Estate Planning Can Secure Your Hard-Earned Possessions Believe it or not, you probably have an estate without knowing it. Estates encompass nearly everything you own: your home, vehicles, checking and savings accounts, retirement accounts, and other personal possessions. These items need somewhere to go after you pass. If left without an estate plan, your […]
Distinctions Between Nevada Wills and Trusts
Understanding the Distinctions Between Wills and Trusts Wills and trusts are the foundation of any estate plan. At Carlson & Work, our Northern NV wills and trusts attorneys have vast experience helping our clients through the estate planning process. Wills and trusts are commonly misunderstood legal documents. They can be used together or separately. Both […]
What is a Pour-Over Will?
What is a Pour-Over Will in NV? A pour-over will is a legal document used in conjunction with a living trust. It ensures that an individual’s remaining assets will automatically transfer to a previously made trust after death. A pour-over will in NV is helpful when the grantor of a trust forgets to transfer all […]
Naming Your Trustee, Personal Representative, or Agent
An important step in creating a will and estate plan is naming your trustee, personal representative, and agent. This part of the estate planning process can often be difficult, because it can be hard to find trusted individuals to fill these roles. At Carlson & Work, our estate planning attorneys can advise you on which […]
Updating Your Will After Divorce
A divorce can be a long and emotional process that is likely to dramatically change your life. In the midst of the changes, it is important to update your will. A divorced individual should update their will because their beneficiaries have likely changed. If you live in the Reno, Nevada area and need to update […]
How Often Should You Update Your Will
A will is an important document that everyone should have. Wills should be reviewed for updates every three to five years. However, as life events unfold and you grow older, your will may need to be modified more frequently. At Carlson & Work, our experienced estate planning attorneys can help you review and update your […]
Establishing Residency in Nevada
How to Establish Nevada Residency Nevada is a desirable state to live and work in for families and businesses. Nevada has strong asset protection, trust laws and lacks state income tax. Establishing residency in Nevada involves navigating specific steps that vary depending on the purpose for claiming in-state residence. In this blog, we review helpful […]
Risks of DIY Wills in Nevada
DIY Will Risks While many companies offer do-it-yourself wills that may seem cheaper and easier than paying for a qualified estate planning attorney to create your will, few individuals realize that these DIY wills are far riskier and often end up costing you in the long run. It is highly recommended to contact an estate […]