Do you need help putting an estate plan in place to help protect your family and assets? Do not fall for the common myth that estate planning is something reserved only for the rich or wealthy. The truth is that almost everyone over the age of 18 can benefit from a proper estate plan.
Your estate plan can be as simple or complex as necessary, depending on your unique personal situation. Having the help of an experienced estate planning attorney is crucial to ensuring that your estate plan meets your needs as well as all the legal requirements in Nevada. The team at Taylor & Leonard Law can guide you through this very personal and sensitive process to put together a comprehensive estate plan. Call us today at (702) 982-0880 to schedule a free consultation and let us learn more about your needs.
Why Choose Us at Taylor & Leonard Law?
The thought of facing your own mortality is something that is never easy. At Taylor & Leonard Law, we understand just how sensitive and personal the estate planning process can be. During this process, you need a caring and compassionate attorney who will take the time to listen to you and fully understand your needs. We have extensive experience helping clients put together full estate plans that follow Nevada law while helping them accomplish their goals. Clients trust us to handle their estate planning because:
- We take the time to get to know you so that we can put together the best strategy for your unique situation
- We maintain affordable pricing while bringing big law firm experience to your representation
- You will never have to go through layers of assistants to speak directly to your attorney
We understand the emotional toll that navigating the probate process can take after the loss of a loved one. We are dedicated to helping families be prepared, and we want to ensure that you do not have to face this journey alone. Call us today to schedule your consultation and let us put our experience to work for you.
What Is Estate Planning?
Estate planning involves putting together all the legal documents necessary to manage your affairs and assets both during your life and after your death. Many people wrongly assume that estate planning is simply creating a last will and testament. While a properly executed will can be an important piece of an overall estate plan, the process involves much more than this.
A comprehensive estate plan includes plans for asset distribution, incapacity planning, medical decisions, guardianship, tax minimization, and more. A proper estate plan can help ensure that your wishes are carried out after your death. Additionally, it can help protect your family from being forced to make difficult decisions regarding end-of-life care. Your estate plan can be used to protect your family financially, and it can also be used to keep these financial details private should your situation necessitate such privacy.
How a Summerlin Estate Planning Attorney Can Help
Understanding which estate planning documents are necessary for your situation can be complicated. Working with an experienced attorney is crucial to ensuring that you get the right plan in place to meet your needs. An attorney can help you by:
- Reviewing your situation and understanding your needs
- Drafting all necessary estate planning documents to avoid future disputes
- Helping you minimize your estate taxes
- Ensuring that your wishes are carried out and that your family is protected
Common Estate Planning Documents in Nevada
A proper and complete estate plan addresses much more than just how your assets will be distributed after your death. There are many documents that should be included as part of your estate plan, as there is no single document that can accomplish all the things that should be handled in an estate plan. Some of the most common estate planning documents are:
- Last will and testament: Your will specifies how your assets will be distributed after your death, and it also determines who will administer your estate.
- Trust: A trust can be a powerful tool to transfer wealth from one generation to the next, and it can also help you avoid costly estate taxes.
- Durable Power of Attorney: This document allows another person to make financial and other decisions for you in the event that you become incapacitated.
- Beneficiary Designation Form: Bank accounts, retirement accounts, and other types of financial accounts typically allow you to name a beneficiary. By naming a specific beneficiary, these assets pass directly to the person of your choosing outside of probate.
- Advance Health Directive: An advance health directive allows you to predetermine your end-of-life health care choices, and this can avoid putting your family in the difficult position of making these tough decisions.
The specific documents you need will depend on your personal situation and goals. At Taylor & Leonard Law, we can help you perform a thorough review of your finances and assets and determine which documents are right for you based on your unique needs.
Benefits of Having a Proper Estate Plan
There is so much more that you can do with a proper estate plan than simply direct how your assets will be distributed. Regardless of your age or financial situation, an estate plan can provide you with many benefits. First, it can ensure that your wishes are carried out. From your end-of-life healthcare choices to distributing assets after your death, your estate plan provides legal assurance that things will be done exactly how you want them.
Next, an estate plan can provide important financial security for your family and loved ones. By having a valid estate plan in place, you can avoid disagreements and costly estate disputes. Additionally, an estate plan can make things simpler and easier on your family after your death. The death of a loved one is emotionally heavy, and a proper estate plan can help take away some of the stress during this difficult time.
Lastly, an estate plan can be used to help minimize and avoid estate taxes. With proper strategic planning, you can ensure that the maximum amount of money goes to your loved ones instead of being used to pay taxes.
Talk to a Summerlin Estate Planning Attorney Today
When you are ready to put an estate plan in place, contact Taylor & Leonard Law right away. We will perform a thorough review of your personal situation and give you sound legal advice about the right plan for you based on our extensive experience with Nevada estate planning. Contact us today to schedule a free consultation with a Summerlin estate planning attorney.