SB 221 Clarifies Trusts and Estates
SB 221 is intended to improve the law relating to trust and estate issues with the following objectives: (a) to simplify the process of transferring assets at death, whether or not probate is required; (b) to clarify the rights of creditors as to nonprobate asset and trust assets; (c) to clarify exemptions from creditors’ claims […]
Chris Phillips talks Trusts on KLAV AM 1230
Click here to listen to Mr. Phillips talk about how different types of trusts can be used to protect your assets as well as other methods used to transfer assets in case of death or disability.
Nevada Probate Basics
Christopher J. Phillips, Esq., explains when a probate is required in the state of Nevada.
Nevada Probate Basics
What would happen to your assets if you died today? A proper estate plan can be the difference between an efficient, expeditious, and inexpensive distribution of your estate and an administration that takes years and costs tens of thousands of dollars. In Nevada, there are several mechanisms that can be implemented to avoid the expense […]
Reasons for Initiating Probate
The probate process begins after a family member dies and someone, either the executor of the will or a family member, initiates proceedings in probate court. There are certain reasons why an estate would need to be probated. First, property that is owned solely in an individual’s name must always be probated. This applies even […]