How Divorce Impacts a Marital Trust
Something that has come up recently is the impact of divorce on a marital trust. In the trusts that we do at Morris Law Center, there is a section within the trust that lays out in general what happens in a divorce situation. This section is compliant with Nevada law, both the case law and […]May 1, 2020
Can I have a Gun Trust in Nevada?
The simple answer is yes. A Gun Trust is a classified as a special purpose trust, meaning a trust set up to handle specific assets, such as guns, that may have more rules/regulations than ordinary assets. There are a couple things to consider when thinking about a Gun Trust. First, the trustee of the trust and any successor […]April 16, 2020
How to Protect my Family During the Coronavirus Outbreak
People are asking how to protect their family during this Coronavirus situation. Of course, we all know the typical things to do, the washing of the hands and doing the social distancing and all of that stuff. What comes up legally is to talk about estate planning in general, which also includes incapacity planning. I […]March 17, 2020
Sarah talks to Bonnie Lonardo from LJ Law about prenuptial and postnuptial agreements
This is part of an interview between Sarah Morris and Bonnie Lonardo from LJ Law, transcribed from an episode of Around the Gavel by Morris Law Center. Miss Bonnie Lonardo is the owner of LJ Law and she practices in the area of family law, bankruptcy, and foreclosure defense. How long have you been practicing? […]March 13, 2020
What You Should Know About Nevada Pet Trusts
A pet trust is something that was enacted in Nevada in 2001. Not every state has one of these laws. And let me just back up and explain to you what would happen if you don’t have a pet trust. So a lot of people will draft their will and they will actually account for […]February 27, 2020
In an Emergency, Do You Have an Incapacity Plan?
Incapacity planning is part of an estate plan, even if it’s not highlighted, there are plans that are literally just for incapacity. These things have come up more recently because there are more people that are at risk for early onset dementia and Alzheimer’s disease. If you have parents that have shown signs of dementia, […]February 6, 2020
What Are the Differences Between Irrevocable and Revocable Trusts?
What are the differences between irrevocable and revocable trusts? When we talk about trusts there are two main types: revocable trust and irrevocable trust. A revocable trust means that you can set it up and then you can decide at a later date that you want to completely dissolve it. An irrevocable trust means that […]January 31, 2020
What Happens If Someone in Nevada Dies Without a Will?
What happens if someone in Nevada dies without a will? A common misconception is that the state automatically gets a person’s assets, but that’s not true. Intestate Succession statutes are laws that come into play when someone passes away without a will. If you pass away without a will, then you don’t have a plan […]January 9, 2020
Sarah Morris Recognized by the American Institute Of Legal Counsel as a 2019 10 Best Legal Counsel for Client Satisfaction in Estate Planning
From the American Institute of Legal Counsel: “The American Institute Of Legal Counsel has recognized the exceptional performance of Nevada’s Estate Planning Attorney Sarah A. Morris as a 2019 10 Best Legal Counsel for Client Satisfaction. The American Institute Of Legal Counsel is a third-party attorney rating organization that publishes an annual list of Top […]December 26, 2019
Probate Series Part 4: Full-Blown Probate for Estates Valued Over $300,000
What is probate? Probate is the court process of transferring the decedent’s assets to their heirs. Probate is organized based upon the value of the decedent’s assets. The higher the value, the longer and more expensive the process is in general. Full blown probates start when an estate has a value of $300,000.00 or more. […]December 26, 2019