January 12, 2021
Coffee & Estate Planning | ZOOM-IN . . .
Coffee & Estate Planning | ZOOM-IN . . . on the things you’ve been putting-off . . . . . . living trust, will, powers of attorney, advanced medical directives Sunday 1/17 @ 9:00 a.m. | B.Y.O.C. To receive a ONE CLICK Zoom log-in link simply email: Allison.Cairns@1SourceLaw.com
November 17, 2020
The Peace & Comfort of a Good Estate Plan
Think of estate planning as top and bottom bedsheets. You and your assets are tucked comfortably in-between. By understanding estate planning in these metaphoric terms you can make an estate plane that gives you peace of mind . . . and a good night’s sleep. The top sheet can be thought of as covering what happens with your belongings after you pass away. You want a plan that makes certain that your intended heirs receive
November 12, 2020
Is My California Trust Good in Nevada?
In 2019 approximately 100,000 people moved from the Golden State to the Silver State. It’s little wonder that one of the most common questions we’re asked is whether a living trust, prepared in California, is valid in Nevada. A California trust is valid in Nevada if the trust was valid when created in California. The issues, arise, however, when a California trust references California law. Most, if not all trusts we see from California contain
October 23, 2020
Nevada Probate Avoidance Strategies – Part 3 of a 5 Part Series – Beneficiary Designations
Beneficiary designations are contractual pay-on-death clauses for certain kinds of assets like life insurance and qualified retirement accounts as well as some brokerage and bank accounts. When the owner of the account or policy passes away the asset passes directly to the person designated. Life insurance and individual retirement accounts are generally never transferred into the trust because their designed to go straight to the designated beneficiary. When the owner dies these types of accounts
If you hold title to real estate with a spouse or life partner, there’s a good chance the title will contain the words “joint tenants.” When two or more people hold title to property jointly, the deceased owners interest in the property passes to the surviving joint owner(s) according to the “the right of survivorship.” This type of joint ownership can be used for land, automobiles, bank accounts, and some other types of property. The