Craig's Corner - Wealth Planning Insights
Monday, April 17, 2017
Estate planning is a tool to manage the transfer and distribution of an estate after death. It is important because it provides estate owners with a way to have control over the distribution of their property after their death. The process of creating an estate plan can be complicated, so talking with a Nevada estate planning lawyer can be invaluable.
Read more . . .
Sunday, March 19, 2017
How can a special needs trust financially assist my child with special needs?
Nearly one in five people or roughly 50 million people across the United States have some form of disability, with an estimated 24 million being severely limited. Having a disabled child can be challenging, but also comes with immense rewards. The parents of disabled children face unique issues in ensuring their children receive the care they need, including ongoing medical care. One of the best ways that the parents or guardians of disabled children can guarantee their children receive the greatest care is by creating a Read more . . .
Thursday, March 16, 2017
Starting a business is usually very exciting. But choosing the right type of structure for your business can be confusing. There are a lot of legal structures you can choose from, and all have their advantages and disadvantages.
The decision that you make could have a big impact on the type of paperwork you fill out, the type of liability you might face, and the amount of money you pay in taxes. If can also affect how future business partners and investors might deal with you.
Read more . . .
Friday, March 3, 2017
What are some mistakes I should avoid when starting a franchise?
Franchise businesses offer entrepreneurs the opportunity to open their own business using a proven business concept and model. While purchasing into an existing franchise or even starting your own franchise can lead to much business success, there are important factors you should consider. All small businesses come with some risk, but these risks can be mitigated with the assistance of a Nevada business planning attorney.Read more . . .
Monday, February 27, 2017
Why is it so important for me to have a will?
None of us wants to contemplate death, which is likely the reason that fewer than half of all Americans have a will. Estate planning can be a difficult topic to tackle and many people simply put it off, at times until it is too late. Creating a will is critically important for the preservation of your property and your legacy. Read more . . .
Tuesday, January 31, 2017
When should you update your estate plan?
The New Year is traditionally a time to clear the deck and start fresh. This makes the early months of the year a fine time to revisit your estate plan. Make sure it is current and reflects changes in your life -- events, sentiments, income level, tax structure, etc. An outdated estate plan is dangerous; it can result in confusion and resentment among loved ones, not to mention unwanted taxes or a contested will.
A sudden occurrence, like an unexpected death or a change in health status, can make your previous decisions obsolete in an instant.Read more . . .
Thursday, January 26, 2017
Is is ever appropriate to treat your children differently from one another in your estate plan?
Although we all know that it is important to be careful to treat your children fairly as you craft your estate plan, we should also be aware that fair (“equitable”) treatment is not necessary “equal” treatment. In fact, there are times when treating two children equally is patently unfair. For example, to give equal allowances to a 4-year-old and a 14-year-old would be unfair, since one has more expenses, more mature understanding, and more responsibilities. In the same way, leaving all of your children equal portions of your estate may be unfair to one who has special needs or one who is in a particularly difficult situation. In making decisions regarding equitable distribution of your estate to your children, it is essential that you discuss your plan with Read more . . .
Friday, December 30, 2016
Why should new parents have an estate plan?
Having a child is a time of great joy, but becoming a parent also comes with a number of concerns. While no one wants to think about dying or becoming disabled when a child is born, this is the time to think about the future and make important decisions about how to best protect your family. In short, it is essential for new parents to create an estate plan.
Estate Planning 101
Many are aware that having a will is necessary for determining how their assets will be distributed after they die. But the fact is that more than half of Americans do not have this most basic estate planning document in place.
Read more . . .
Monday, December 26, 2016
What are the necessary steps in buying an existing business?
Many entrepreneurs feel that there is less risk involved in buying an existing business than in starting a new one. Still, it is imperative that you investigate the proposition thoroughly before taking the plunge. Having an experienced, skillful business attorney is essential.
Read more . . .
Wednesday, November 23, 2016
Which areas are often ignored in estate planning?
While most of us understand the importance of estate planning, there are a number of areas that can easily be overlooked. This is one of the reasons it is essential to have a skilled and knowledgeable estate planning attorney at your side when you are creating wills, trusts, and other pertinent documents. An expert in the field will make sure that you not only cover all the basic aspects of estate planning but that you also take various other, however unlikely, scenarios into consideration.Read more . . .
Monday, November 14, 2016
What are the reasons a will might be invalid?
Once you've taken the leap into estate planning by preparing a will, it is crucial to ensure the document is valid. Let's take a look at some common reasons why a will might be invalid.
First, a will may be deemed invalid if it is not properly executed.Read more . . .
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S. Craig Stone II of Stone Law Offices, Ltd. serves clients throughout Clark County, Southern NV, Las Vegas, Henderson, Boulder City, North Las Vegas, Summerlin, Carson City, Reno, Washoe County, and Nye County. Also serving clients with asset protection nationwide.