Nevada Estate Planning Primer - PowerPoint PPT Presentation

Loading...

PPT – Nevada Estate Planning Primer PowerPoint presentation | free to download - id: 3ed944-OWUyM



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

Nevada Estate Planning Primer

Description:

In this presentation we will look at some estate planning basics in Nevada. – PowerPoint PPT presentation

Number of Views:82

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Nevada Estate Planning Primer


1
  • Nevada
  • Estate Planning Primer

2
In this presentation we will look at some estate
planning basics.
3
It should be noted that more advanced legal
devices may be necessary under some circumstances.
4
Arranging for Future Asset Transfers
5
You have to select a vehicle of asset transfer.
6
Many people think that a last will is the only
logical choice.
7
In fact, you do have other options. The correct
choice will depend on your unique situation.
8
Probate
9
  • In Nevada, if you pass away in possession of
    property exceeding 20,000 in value your estate
    must be probated.

10
Probate is a legal process, and it can be
expensive and time-consuming.
11
The heirs to the estate don't receive their
inheritances
until the process has run its course.
12
Avoiding Probate
13
  • It is possible to arrange for future
    distributions of your assets outside of probate.

14
One way of doing this would be to convey assets
into a revocable living trust.
15
Revocable Living Trusts
16
When you create the trust you name a trustee who
will administer the funds.
17
You also name a beneficiary or beneficiaries.
18
After you pass away the trustee distributes
assets to the beneficiaries according to your
stated wishes.
19
These distributions take place outside of the
probate process.
20
Advance Health Care Directives
21
Certain medical contingencies may present
themselves as you reach an advanced age.
22
  • You can prepare for these eventualities by
    executing advance health care directives.

23
Living Will Durable Medical Power of Attorney
24
A living will is used to state your preferences
regarding the use of certain medical procedures.

25
  • With a durable medical power of attorney you
    empower an agent to make health care decisions on
    your behalf.

26
Financial Power of Attorney
27
  • Incapacity is common among people who have
    reached an advanced age.

28
A durable financial power of attorney is used to
select a financial decision-maker.
29
This individual would handle your financial
affairs in the event of your incapacitation.
30
Want to Know More About Estate Planning in Nevada?
31
In the Reno area contact Anderson, Dorn Rader
to schedule a free estate planning
consultation. (775) 823-9455 www.wealth-counselo
rs.com
32
Northern Nevada Estate Planning Consultation
  • In the Reno area contact Anderson, Dorn
    Rader to schedule a free estate planning
    consultation.
  • (775) 823-9455
  • www.wealth-counselors.com
About PowerShow.com