The Importance of an Estate Plan if You Have Minor Children
Although having an estate plan is always important, there is an emphasized importance when you have minor children. The big deal about having a proper estate plan in place when you have minor children is that you really need to think about guardianship provisions. The guardianship provision in an estate plan makes it clear who […]November 6, 2020
How to Start Probate
If you find yourself in a situation where a loved one has passed away and you know that you’ve got to do something, most likely file probate, you will probably need an attorney. Today I want to give you an idea of the process and some insight on questions and documents that an attorney may […]October 16, 2020
So Now You Are Trustee of a Trust
Today I want to talk about what happens when you become the successor trustee of a living trust. Recently I have been getting numerous calls from successor trustees wondering what they are supposed to do now that they are the trustee of a trust. A successor trustee is the person managing the trust. In a […]September 25, 2020
Probate – A Cautionary Tale
Today I want to provide you with a cautionary tale; the moral of the story being in order to avoid probate, you need to have an estate plan in place. If you want your heirs to avoid having to go to court and spend money from the estate, time and expense, then you need to […]September 10, 2020
Pros and Cons of Wills
Today I want to talk about the pros and cons of having a will. This topic has come up a lot lately with COVID as many people are starting to get concerned about having their estate plan in order, which honestly is a good thing. It doesn’t matter what’s going on in the world, you […]September 4, 2020
Testamentary Trusts – The Pros and Cons
What is a testamentary trust and what are the pros and cons of having a testamentary trust? A testamentary trust is a trust that is created within a will. So you may recall that one of the most basic estate plans that you can have is a will that does not avoid your family from […]August 28, 2020
Do Half or Step Children Inherit?
Intestate succession is when someone passes away without an estate plan, then the court has to look to the statutes to determine who will inherit. Those statutes are called intestate succession statutes. Let’s look specifically at how half siblings and stepchildren had an effect on intestate succession. If you do not have a will or […]June 12, 2020
Can you Digitally Sign a Power of Attorney in Nevada?
By Timothy Wiseman A power of attorney is a document which gives one person the authority to make certain decisions and sign certain documents on behalf of another person. They are used in a variety of situations including powers of attorney for financial matters or for healthcare matters and they are commonly used to facilitate […]June 3, 2020
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