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Estate Planning Probate: Las Vegas Attorney
Planning for the future after we are gone can be a scary and overwhelming thought. Estate planning probate is important to your family nonetheless.
How will you care for your loved ones after you are gone? How can you make sure that your final wishes get carried out?
One thing we can do to make this aspect more manageable for those we leave behind is to have an estate plan. This allows you to determine how your assets will get taken care of after your death.
Probate is the process of settling an estate, and it can be a lengthy and costly process. The probate process can take anywhere from 6 months to 3 years. There are also filing fees and court costs to consider as well.
You can shorten this process with careful planning by creating an estate. But, sloppy estate plans can end up creating more problems for you.
Disputes over assets can lead to legal battles amongst family and friends. Damaged relationships are the result.
Having an experienced probate attorney can help guide you through this complicated process.
You want a competent attorney who can help walk you through the process.
You want peace of mind that your loved ones will get cared for after you’re gone.
If you live in the Las Vegas, Nevada area and need a probate attorney, the Rosenblum Allen Law Firm team can help.
Why You Should Have an Estate Plan
Having an estate plan will help to not only divide up your assets but ease financial burdens of your loved ones.
Estate planning helps determine who will get the estate and to what extent. It also protects the estate from excessive tax penalties.
You can also make important decisions on your care if can no longer care for yourself.
Illnesses or accidents can shut down a person, and estate planning can help you think ahead. If can also express your desires for funeral arrangements and set aside funds for the cost. This fact eases the stress and burden from your family.
If you have minor children, estate planning can also help to plan for their future and care. You can assign legal guardians that will look after their well-being.
Having a clear estate plan can help you and your family in the event of death.
Estate Planning Tools
There are several elements in creating a successful estate plan. These tools can help you to maximize the health of your estate.
Yet some factors need to get considered when determining which tools to use. These include:
- the size of the estate,
- the number of beneficiaries,
- and the purpose of distribution.
The Will
This is the most common form of estate planning. You will want a detailed list of your assets. The person in question puts in writing their wishes to:
- distribute their estate,
- appoint guardians for minor children,
- and wishes for funeral arrangements.
The will must get put through the probate process. This can be lengthy and costly, so beneficiaries may not get the total amount they were expecting.
If you do not have a will, the estate will get distributed based on state intestacy laws. In this system, assets get divided into spouses, children, parents, and siblings.
The Trust
Trust is one way to avoid the probate process to provide for your beneficiaries. A trust fund can get created either during the individual’s life or upon their death.
A trustee will distribute property and funds per the terms of the trust.
Health Care Directives
Living Wills allow you to express your wishes for medical care if stop being able to care for yourself.
This also appoints a person as your medical power of attorney to make medical decisions.
Financial Power of Attorney
A financial power of attorney handles a person’s financial decisions when incapacitated.
You can appoint a friend, family member, or trusted professional to be your power of attorney.
These planning tools can get complicated but are worth utilizing. You also need to complete everything right to avoid conflicts leading to disputes.
The Rosenblum Law Firm team can help you navigate each of these tools the right way. We can help to create these plans for you.
Saving Money on a Small Estate
As we have mentioned earlier, there are fees and court costs that go into the probate process. Your beneficiaries may also get required to pay taxes on any assets they receive.
The good news is, you can avoid some probate costs if you qualify as a small estate.
To see if you qualify for small estate status in Nevada, contact Rosenblum Law Firm. Our probate law team can help you to determine the best avenue to handle your estate planning.
The good news is, you can avoid some probate costs if you qualify as a small estate.
To see if you qualify for small estate status in Nevada, contact Rosenblum Law Firm. Our probate law team can help you to determine the best avenue to handle your estate planning.
Give You and Your Loved One’s Peace of Mind
Estate planning can be a daunting task.
Getting an estate plan can ease some of that stress. You can have peace of mind knowing that those you love will get taken care of when you are gone.
The Rosenblum Allen Law Firm is here to help you and your estate planning needs. Let us put our legal expertise to work for you to help navigate the probate process.
Further Reading
Molly Rosenblum, Esq., our esteemed lead attorney, goes beyond providing expert legal counsel by also offering a wealth of resources to assist you in your estate planning needs. These resources, thoughtfully curated and available on the Rosenblum Law website, provide insights, guidance, and invaluable information on various aspects of estate planning. Here’s a glimpse into the resources you can access to help you in your time of need:
Las Vegas Trust Attorney: Delve into the specifics of trust formation and administration, ensuring your assets are managed and distributed according to your precise wishes. Learn more about trusts.
Tips On Estate Planning: Equip yourself with practical tips and strategies to streamline your estate planning process, making it as efficient and thorough as possible. Read the valuable tips.
Estate Planning Checklist: Utilize a comprehensive checklist to ensure you cover all critical aspects of estate planning, leaving no stone unturned. Check your progress.
Making a Will: Understand the importance and process of creating a will, a fundamental component of ensuring your estate is handled according to your desires. Start drafting your will.
Estate Planning Services: Explore a suite of estate planning services designed to meet your specific needs, whether you’re just starting or looking to refine your existing plans. View the services offered.
Estate Planning Mistakes: Learn about common pitfalls in estate planning and how to avoid them, ensuring your plans are robust and effective. Avoid these mistakes.
Estate Planning Probate: Gain insights into the probate process and understand how effective estate planning can simplify or circumvent this often complex procedure. Understand probate and planning.
Through these resources, Molly Rosenblum, Esq. aims to empower you with knowledge and tools essential for effective estate planning. We encourage you to explore these resources, ensuring that your estate planning journey is well-informed and as smooth as possible.
Offsite Resources You May Find Helpful
Here are seven offsite resources that provide information about estate planning, probate, and attorneys in Las Vegas:
FindLaw: This online resource provides free legal information, a lawyer directory, and other resources on a wide range of legal topics, including estate planning and probate.
Justia: Justia offers free legal information and a directory of attorneys for various legal issues, including estate planning and probate.
Avvo: This website provides a directory of lawyers, including those in Las Vegas, legal advice, and other resources on a broad range of legal topics, including estate planning and probate.
Nolo: Nolo provides legal information to consumers and small businesses, including articles, blogs, FAQs, and news on estate planning and probate.
LegalMatch: This online legal matching service helps individuals find lawyers in their area, including Las Vegas, and provides advice and resources on estate planning and probate.
The Nevada Bar Association: The official website of the Nevada State Bar offers resources for finding a lawyer, including those who specialize in estate planning and probate.
Martindale-Hubbell: This directory of lawyers and law firms can be a useful resource for finding an attorney specializing in estate planning and probate in Las Vegas.
What's Next?
Are you a Las Vegas resident looking for an Las Vegas estate planning attorney?
Look no further than The Rosenblum Allen Law Firm!
Our expert team of professionals is dedicated to helping you create the perfect plan for your future.
We understand the importance of choosing the right person to help with such an important task, and we guarantee our top-notch service will always exceed your expectations.
Plus, our prices are competitive, so everyone can get what they need at an affordable price.
So don’t waste another minute searching – call us today at (702) 433-2889 and let one of our experienced attorneys handle all your needs!
