The Difference Between a Power of Attorney and a Will
What is the difference between a Power of Attorney and a Will? Many clients raise this question often because they are not clear which circumstances each is used for. The main difference is that a Power of Attorney is used for incapacity planning while you’re still alive, granting an appointed person (your “Agent”) the ability to […]
April 2, 2021
How to Shrink the Margins of a PDF for the County Recorder
How to Shrink the Margins of a PDF for the County Recorder: If you have had occasion to record something, you might be aware that most county recorders include additional charges if the text of the document goes into the margins. For example, in Clark County, Nevada the Recorder requires: First Page Margins: A document should have […]
March 28, 2021
How to Prove a Sound Mind when an Estate Plan is being Executed
An important question we are asked as Estate Planning Attorneys is “How does Morris Law Center determine that someone is of sound mind when they’re signing their Estate Planning documents?” In that regard, each time we finalize and execute an Estate Plan with our clients: 1. We have a notary in the room, notarizing your […]
March 26, 2021
Estate Planning and Bank Accounts
Estate Planning and Bank Accounts A question that comes up frequently with Estate Planning clients is: “What should I do with my bank accounts when I have an Estate Plan?” Many times, due to a lack of understanding, they are not set up correctly. This article will discuss what people typically do, the pros and […]
March 19, 2021
Key Questions Regarding an Employment Contract
As an employer, there are many things to consider in regard to an employment contract. Your attorney should advise you on many of these, such as a confidentiality provision, or language to protect your intellectual property. Before you talk to your attorney, these are some basic provisions you should consider: Job information: Some key pieces of information to start […]
March 12, 2021
Three Types of Bankruptcy a Tenant Might File
There are three types of Bankruptcy that a tenant might file: If you have a tenant that files for a Chapter 7 Bankruptcy, you will more than likely lose out on any back rent owed, and the tenant can be evicted AFTER the automatic stay is lifted. If a Chapter 11 Bankruptcy is filed, the […]
February 25, 2021
Three Things Realtors Should Know About Bankruptcy
There are Three Things that Realtors should know about Bankruptcy: First, Property Managers need to be aware of the automatic stay that goes in place when someone files Bankruptcy. If you have a tenant that has filed Bankruptcy, you may be violating that stay if you attempt to collect rent payments or evict the tenant […]
February 25, 2021
Now is the Best Time to get Your Estate Plan
If you haven’t read our blog before you might not know: One of the most important things about a living trust is that if you set it up and fund it correctly, then the people that you leave behind when you pass away will not have to go to probate court in order to get your property. […]
February 19, 2021
The 3 Levels of Estate Planning
There are generally three levels of estate planning [POA = Power of Attorney]: Will, POA over Healthcare, POA over Financial Living Trust [includes level 1 items] Asset Protection Trust [include level 1 items] Probate is a court case that friends/family [heirs] have to file to obtain control of the estate. A will is an instruction manual for […]
February 12, 2021
What Happens when One Spouse Passes and Leaves a Home?
Today I want to discuss a question that comes up quite frequently: What happens if my spouse passes away and they were the only one on Title to the marital residence? The short answer is that the spouse who is left behind will more than likely have to go to probate court. For example, if […]
February 1, 2021