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Anderson, Dorn & Rader Blog

October 13, 2010
Who Has the Right to Inherit?

When a Last Will and Testament or Revocable Living Trust is created, the testator or trust maker will name beneficiaries to receive his or her property. If any beneficiary receives less than her or she expected or is omitted does that person have a claim to receive a portion of the estate?

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October 8, 2010
Bequeathing Your Retirement Accounts

If you have retirement accounts, you understand the importance of having enough funds to cover your retirement expenses. So, what if you pass away with funds still in these accounts? […]

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October 8, 2010
Disadvantages of Creating Your Own Revocable Living Trust

In a challenging economy we are often tempted to "DIY" (do it yourself). So, is it possible to write your own Revocable Living Trust? Yes, but you should know the […]

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October 6, 2010
Is Probate Necessary?

Probate is the court administered process by which a decedent’s final affairs are publically settled. During this process an executor is appointed, the estate is inventoried, debts and taxes are paid, an accounting is rendered and property is finally distributed to the beneficiaries. Not all estates require probate. So, when is probate necessary?

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August 27, 2010
How Intestacy Laws Could Affect Your Estate

If you or a loved one passes away without a valid Last Will and Testament, intestacy laws (sometimes called succession laws) will be used to settle your estate. These laws […]

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August 23, 2010
Guardianship in Nevada

No one wants to consider dying before their children reach adulthood, but it is a very real possibility. Making a guardian plan for your children after your death is the […]

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August 20, 2010
Intestate Succession

When you pass away, your estate must be settled. If you have an estate plan, such as a trust or will, then your assets will be distributed in accordance with […]

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August 20, 2010
Benefits of a Living Trust

For starters, a living trust allows your heirs to avoid probate, an often costly and time-consuming legal process used to distribute your assets. With a trust, the distribution is handled […]

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August 16, 2010
Solvent Estate vs. Insolvent Estate

When you pass away, your estate will either be solvent or insolvent. What does this mean? And more importantly, why do you care? What Does It Mean if You Have […]

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August 16, 2010
How Long Does Nevada Probate Take?

Probate is a legal process wherein a court oversees the distribution of a deceased person's estate to the heirs or beneficiaries of the estate after the payment of all debts, […]

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August 13, 2010
What Makes A Power of Attorney Durable?

A Power of Attorney (POA) is a document that allows you to give authority to someone you trust to act on your behalf. This document is frequently seen in real […]

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August 6, 2010
Choosing Witnesses For Your Nevada Will

When you write a Nevada will, it must be witnessed by at least two people. If you are writing your own will (and you shouldn’t be), who would you want […]

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August 4, 2010
What Is A Pot Trust?

A pot trust (also referred to as family trust) is a single trust for all of the children in the family that is used in the event that both parents […]

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August 1, 2010
Using a Roth IRA to Avoid Probate

Benefits of a Roth IRA With a Roth IRA, your contributions (and the interest they earn) can be withdrawn tax-free. While this tax benefit may be the most significant aspect […]

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July 23, 2010
Avoiding Retirement Plan Early Withdrawal Penalties

To ensure that we all have enough to live on during our golden years, the IRS will penalize you for withdrawing money early from your retirement accounts – up to […]

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July 21, 2010
What Is a No Contest Clause?

A no contest clause, also called an in terrorem clause, is essentially a statement in your will or revocable living trust that threatens to disinherit an heir if he or […]

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July 19, 2010
Gift Tax Attorney: Surviving the Gift Tax

What Is the Gift Tax? Understanding how the gift tax works is an essential part of good estate planning. A gift tax attorney can help guide you through the gifting […]

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July 16, 2010
When Should I Update My Estate Plan?

Life is full of changes, including your own opinions and views. To ensure your estate plan reflects those changes, it needs to be reviewed and updated on a regular basis. […]

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