Nevada was one of the first states to allow domestic asset protection trusts. The State legislature amended the spendthrift statutes in 1999, allowing for their creation. The legislature wanted to make Nevada’s law one of the best in the country.…
Upon divorce, one thing that needs to be reviewed is one’s estate planning. Typically people want to replace spouses on their powers of attorney for healthcare decisions and financial powers of attorney. Removing them as a beneficiary from a last…
In December, 2014, Congress passed the ABLE Act, which allowed those with disabilities that qualify to save money in a special type of savings account which is exempt from the means-testing required for Medicaid or Supplemental Security Income benefits. So…
When establishing a Special Needs Trust (SNT), one thing trustees want to know up front is what kinds of things can be paid for by the SNT on the beneficiary’s behalf. Whenever the SNT is set up, an instructional letter…
I have been practicing estate planning for two and a half decades, and have not seen nor prepared an electronic last will and testament. However, the use of an electronic will, or e-will, in Nevada has been possible since 2001.…
