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 […]

The Larry King Legacy

Larry King, the legendary talk-show host, lived a long and successful life. He hosted “Larry King Live” for over 25 years, married seven women, and had five children. Despite many years of health problems, he died at the old age of 87 on January 23, 2021. While the exact cause of his death was still […]

Estate Planning Terms to Know

National Estate Planning Awareness Week was first established in 2008 to help the public gain a better understanding of the importance of estate planning. Estate planning is one of those things that everybody needs to do, yet only approximately half of Americans have an up-to-date estate plan in place. Regardless of your age or financial […]

Should I Add My Kids to My Bank Account?

Many clients walk into Michaelson Law saying that they want to leave their bank accounts to their children after death. The easiest solution might be to just make the children joint owners, but that is not always the best course of action.   Risks of Joint Ownership   The idea of making your kids joint […]

John Michaelson Talks Estate Planning on Channel 13 Morning Blend 

John Michaelson Talks Estate Planning in Nevada on LV Channel 13 Morning Blend

Did you catch Michaelson Law on Channel 13, Las Vegas Morning Blend? John Michaelson had the opportunity to speak more about estate planning and the importance of estate planning in Nevada. Some key takeaways from John’s interview include the following:  Estate planning is important for people of all ages.  Estate planning consists of saying what you want […]

COVID-19 Panic Has Americans of All Ages Thinking About Estate Planning

The COVID-19 virus has taken over our lives and many people are thinking about how they and their families are protected. With more people getting sick and experiencing the loss of loved ones, there has been an explosion in the numbers of Americans rushing to make their will and living trust. According to, the […]

Power of Attorney: Misconceptions and Myths Busted

Obtaining a durable power of attorney is one of the most important and powerful estate planning moves you can make. It allows someone who you appoint (referred to as your agent) to make decisions on your behalf in the event you become incapacitated. If you have no power of attorney, then your loved ones may […]

New Law Makes it Easy to Report Elder Financial Abuse

The Economic Growth, Regulatory Relief, and Consumer Protection Act was signed into law on May 24, 2018. There are a few important factors of the Act to keep in mind: There is a section in the Act that was once a stand-alone bill from Sen. Susan Collins (R-Maine)– designed to encourage elder (age 65 and […]

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