How to Determine If a Nevada Hybrid DAPT is Right for You
Are you looking for a way to protect your assets? Do you want to shield your wealth from creditors? If so, a Nevada Hybrid Domestic Asset Protection Trust (DAPT) might be the right choice for you. A hybrid DAPT offers the best of both worlds: the flexibility of a self-settled trust and the added protection […]
Strategic Asset Protection in Nevada
As the tax season approaches, many people are looking for ways to minimize their tax liability and protect their assets. In Nevada, strategic asset protection is a key tool that can help achieve these goals. Asset protection is the practice of safeguarding one’s assets from potential legal claims, creditors, and other risks. This practice involves […]
How Will Getting a Divorce Affect My Estate Planning
Getting a divorce is never an easy process; it is emotional and stressful for all involved. For younger couples, children and family estate planning are likely a top concern. For older couples, long-term care, retirement plans, and inherited assets may be more significant concerns to think about. Keep reading for some things to consider about […]
Can My Trust Own My Business After Death?
The answer to the title question depends on a few factors, but, in general, yes —your trust can own your business after you die. There are several factors to consider, including the type of business and the type of trust. Is your business a limited liability company (LLC), a partnership, a corporation, or a sole […]
Signs of Elder Financial Fraud and Elder Abuse
Elder financial fraud and elder abuse and two important topics that are important to discuss and be aware of as we age. We like to think that these issues won’t hit us or our loved ones, but elder abuse is much more common than many people realize. According to the World Health Organization, around 1 […]
Estate Planning for Couples with an Age Gap
For couples who get together and are of similar ages, planning for the future is usually a joint effort. Couples who have a significant age gap may have different plans for the future, however. If you are married to someone who is significantly older or younger than you, the future may look different and require […]
Revocable Trusts vs. Irrevocable Trusts
There are many different types of trusts for estate planning purposes. The most common trust types are revocable and irrevocable trusts, and many people wonder if they need one or both to be protected. While there are some similar features, these two major categories of trusts carry different purposes in your estate plan. Both can […]
Safely Store Important Financial and Legacy Information
It is crucial to get important estate and financial planning documents done, but it is just as important to store those documents in a safe place that your survivors can easily access. Estate planning documents like your will, living wills, powers of attorney, trusts, medical directives, and financial information are needed during the biggest emergencies, […]
Multigenerational Wealth: An Estate Checklist
Generational wealth is the assets and money passed down from one generation to another. These assets might include bonds, stocks, properties, jewelry, family businesses, and other investments. With our growing aging population, often referred to as “the silver tsunami”, preparing for multigenerational wealth is important. Studies estimate that 70% of family wealth is lost by […]
