Anderson, Dorn & Rader Blog

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?

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 […]

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 […]

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 […]

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 […]

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 […]

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, […]

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 […]

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 […]

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 […]

Benefits of a Roth IRA With a Roth IRA, your contributions (and the interest they earn) can be withdrawn tax-free.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 […]

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 […]

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 […]

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 […]

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. […]

"Fiduciary" is a term that describes a relationship of trust between two parties. This position of trust gives the fiduciary the ability to act on behalf of the other party. […]

Most people have heard of a will and many assume that it's the basic estate planning document. Others assume it's the only document necessary to settle an estate. The will […]

We procrastinate doing anything about it, but the truth is that we all need an estate plan.