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Estate Planning

Thursday, July 20, 2017

Why Do So Many Americans Put Off Estate Planning?


Why do I need an estate plan?

The most recent Gallup Poll reveals that just 44 percent of Americans have a will that states how they would like their money and affairs handled after their death. This figure is down from previous years.  With so few Americans having an estate plan today, it begs the question, why do so many people put off estate planning? Our Nevada estate planning lawyers discuss the reasons that Americans fail to make a will and why it is so important for you to create an estate plan today.
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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 . . .


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.
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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 . . .


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.  


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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.


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Thursday, January 26, 2017

Customizing Your Will for Your Particular Offspring


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


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Friday, December 30, 2016

Estate Planning Tips for New Parents


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.
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Wednesday, November 23, 2016

Estate Planning Issues Too Often Overlooked

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.


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Wednesday, September 28, 2016

Avoid the Rumble With Proper Estate Planning

Q: Is there more to an estate plan than just a will?

There is a common misconception in our internet-obsessed world that all anyone needs for an estate plan is a will. Many also think that a will is a simple piece of paper listing who gets their property after they die and something that can just be done with a DIY kit online.

The reality is that there are countless possible pitfalls to drafting your own will that can have serious financial consequences for you or your loved ones before as well as after your death. In addition to the increased likelihood that it would not be accepted by the court due to a drafting or execution error, it may not be able withstand a will contest by disgruntled heirs, may forget to provide for certain property, may attempt to disinherit a spouse, and so on.

An


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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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| Phone: 877-800-3424

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