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Craig's Corner - Wealth Planning Insights

Sunday, June 18, 2017

Protecting Your Real Estate Investments with an Irrevocable Trust


What are the benefits of forming irrevocable trusts to protect my assets?

For high net worth individuals, especially those with significant real estate investments, irrevocable trusts have long served as a vital estate planning tool.  One significant benefit of an irrevocable trust is that it will allow your assets to escape the federal estate tax.  However, with the elimination of the federal estate tax looming, some may be wondering whether irrevocable trusts still have value.
Read more . . .


Tuesday, June 13, 2017

What is a Nevada Registered Agent?


Owning a business is a worthwhile venture. However, when you own businesses in multiple states, keeping track of all your mail can be problematic. If one of your businesses is in Nevada but your primary residence is in another state, you will need to appoint a registered agent to act as your proxy, handling sensitive matters on your behalf.

Don’t have a registered agent? You should. Talk to a Read more . . .


Tuesday, May 30, 2017

Will Paperless Wills Change the Future of Estate Planning?


How might electronic wills change how we make an estate plan?

Fewer than half of all Americans have a written will, according to the most recent Gallup poll.  There are many reasons why people avoid estate planning, including an unwillingness to contemplate our eventual death.  Aside from a general avoidance of all things death related, Americans today are increasingly reliant on the computer and electronic tools, rather than printed documents.  Electronic wills may usher in a Read more . . .


Monday, May 22, 2017

What Should I Include In My Nevada Business Succession Plan?


Family-owned businesses are the bedrock of the United States economy. A family-owned business is one that is wholly owned by a family and usually has two or more family members such as a father/mother, father/son or brother/sister involved in its management. It is estimated that family-owned businesses are responsible for 78 percent of US job creation and 50 percent of the country’s GDP.

Sadly, many family-owned businesses fail at the succession stage. More than 70 percent of these businesses do not survive transitioning to the second generation.
Read more . . .


Thursday, April 27, 2017

Estate Planning During a Period of Shifting Tax Laws


Should I make my estate plan now or wait for tax law changes to come?

President Trump has promised significant tax reforms, but these changes have not yet been implemented.  As we all wait to see what tax laws will alter under President Trump, many Americans are wondering whether they should make an estate plan now or wait until more definite tax policies are in place. Our Nevada estate planning attorneys at Stone Law Offices, Ltd.
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Monday, April 17, 2017

4 Things You Need To Know Before Planning Your Estate In Nevada


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

Protecting Your Child with a Special Needs Trust


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

How do I choose my business structure?


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

Finding Success Through Franchises in Nevada


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 a Will Can’t Wait


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

Updating Your Estate Plan for the New Year


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 . . .


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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.



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