Estate Planning Attorney Las Vegas to Protect Your Assets
Get your estate in order. Our estate planning attorney in Las Vegas can prepare customized estate and asset protection plans to preserve your assets.
Estate Planning Attorney Las Vegas
Many people think this is a legal task only for the elderly, the sick, or the wealthy, but hiring an estate planning attorney in Las Vegas is necessary for responsible Vegas citizens. Most people hope that their wishes for their assets and property will be followed when they die or become incapacitated. Unfortunately, if they don’t document those wishes in a legally binding way, the state will distribute their possessions according to Nevada statutes.
People hire estate planning lawyers for asset protection planning and their legal services to prepare written directions for their executor and family to follow when they pass away or become disabled. It is the legal practice of attorneys to assist clients in expressing their wishes while still capable of doing so. In addition to estate planning, probate law regulates how debts are reconciled, and assets are divided or distributed to provide customized solutions to ensure the family’s future.
Taking a proactive approach to the process makes it easier for the family to go to Clark County Probate Court. Contact the understanding estate planning and probate firm of the Wood Law Group for a committed level of professionalism in establishing your plan. We are serving clients all around Charleston Blvd, Horizon Ridge Pkwy, in Southern Nevada, Las Vegas Area.
Las Vegas Estate Planning Attorney
Although creating a plan for your estate doesn’t require the assistance of a Las Vegas estate planning attorney, it is definitely made easier due to their knowledge and experience. In addition to preserving your assets via living trusts, a thorough plan also designates who you want to deal with your affairs if you are mentally no longer capable of doing so yourself.
Vegas attorneys can help establish Nevada asset protection trusts and assist you in determining who to name for trust administration. We help our clients protect their families by creating a sound plan of how their assets will be divided once they depart from this world.
For years, estate planning lawyers from the Wood Law Group have been helping successful business owners, professionals, and families organize, plan, and protect their financial security. Or super lawyers are experienced in estate planning as well as criminal defense focusing on probate, wills, and trust. Their goal has been to give you the peace of mind that comes from knowing that all the pieces of your planning are appropriate, adequately devised, and current with Nevada Law.
Best Estate Planning Attorneys in Las Vegas
The best estate planning attorney in Las Vegas helps families organize, plan, and protect their financial security. A local law firm will help you ensure that your money and property are left to the people in the manner you want. It will also help reduce the effect of debts, predators, and taxes on your beneficiaries and loved ones.
Legally, the estate consists of credits and debits, including financial assets, personal property, real property, and remaining debts and taxes. As a boutique law firm, the Wood Law Group offers help with the following:
- Trust: Living Trust is the foundation of any estate plan. A trust has many advantages, including avoiding probate, minimizing tax burdens, privacy, and the ability to create advantages that you and your heirs can enjoy. An estate planning lawyer at Wood Law Group can help you with many types of trusts that serve different purposes.
- Last Will and Testament: Last Will and Testament is still a formal process, and specific requirements must be met for your will to be valid in a Nevada Court. Wills are an excellent tool to designate how you would like your property to be distributed at your death and who you would like to be in charge (Executor) of administering your estate. However, a Will must go through probate, and the Court will supervise the administration.
- Health Care Power of Attorney: In the unfortunate event that you become incapacitated and are mentally unable to make decisions for yourself, a Health Care Power of Attorney can designate who you wish to make your health care decisions for you. Included in the Health Care Power of Attorney are end-of-life treatment questions and decisions for your loved ones or doctor to follow.
- Financial Power of Attorney: A Financial Power of Attorney is likewise used upon your incapacity. Financial Power of Attorney will designate a responsible individual to handle your financial affairs while you are mentally unable to do so yourself.
Top Estate Planning Attorney in Las Vegas NV to Avoid Probate
A top-estate planning attorney in Las Vegas, NV, will offer information and advice on various issues to help clients avoid probate. Since a person’s estate is as individual as they are, they should retain the services of a law office with experience in creating plans similar to what would fit their needs.
For example, experience in business law could be beneficial for lawyers assisting with business succession planning when their client’s estate includes businesses. Unfortunately, many people incorrectly believe that their life’s work will automatically pass to their children or spouse without taking any steps to ensure they do so.
Without having a valid will in place, the person’s estate becomes intestate, and the courts will determine how it is distributed. Having a reputable law firm legally document their wishes eliminates this possibility.
Estate Planning Attorney Nevada
You should consult an estate planning attorney in Nevada for information and advocacy regarding your situation. A boutique law firm will do more than merely draw up your will. If you become incapacitated, it can specify who you want to make your health and financial decisions. It can also legally declare who you want to be the guardian of your children if you are dead or otherwise unable to care for them. They also deal with:
Guardianships and conservatorships
Revocable and Irrevocable trusts
Prospective clients should make a list of their particular concerns and discuss each with lawyers experienced in those matters.
Qualities of a Good Estate Planning Lawyer
Competent and compassionate are two of the qualities of a good estate planning lawyer. They can discuss the elements that you should address to avoid having the courts involved as much as possible. By creating the proper documents to designate people you trust to handle your finances, make decisions regarding your health, and perhaps care for your children, you are afforded a certain level of peace of mind that would be unachievable otherwise.
The right NV law offices will walk you through all possible outcomes that you wouldn’t consider otherwise.
Retain the Service of an Estate Lawyer Las Vegas
Choosing the right estate lawyer in Las Vegas is a necessary step for nearly everyone living or owning property there. It doesn’t have to be a depressing overview of one’s mortality; view it instead as asset protection planning. This makes the eventual distribution of your belongings more straightforward and meaningful, as well as less expensive and stressful for your descendants.
Estate planning attorneys from a reliable law firm can provide community resources to help your family members and any business employees with the transition. Contact the Wood Law Group for a free consultation.