Las Vegas Estate Planning Attorney
Planning your estate now can minimize estate and inheritance tax obligations, ensure your wishes are carried out, and prevent family disagreements later. Often, when a person dies without a trust or appropriate will in place, it creates an expensive, emotional and time consuming burden for those left behind. Proper estate planning can reduce or eliminate these burdens.
Financial Burdens include estate settlement costs, probate fees, and death or inheritance taxes. These can exceed 50% of the estate, and for IRA and pension plan assets, it can be over 80%! An improper gift to a grandchild made from within a taxable estate can incur additional costs of over 100% of the amount of the gift! For those clients with taxable estates, estate planning isn't discretionary; it's critical.
Asset Transfers after death are difficult or impossible to make with out proper documentation. Assets can be subject to costly probate delays or dispute litigation.
Often, without appropriate planning, there is not be sufficient liquidity to pay the estate taxes and settlement costs.
Without planning, there may not be enough income to care for loved ones left behind.
At the Law Firm of Harriet H. Roland, we are committed to understanding the unique needs and concerns of our clients while we assist them in making important decisions that will affect their future and that of their families.
We are experienced in handling the special needs of select clients who require highly personalized, private and select legal services relating to their estate planning and trust administration concerns. We provide individualized assistance to clients in dealing with brokerages, transfer agents and financial institutions in order to transfer the assets to trusts, family partnerships and other estate planning entities.
Our estate planning attorneys are experienced with all of the following:
Wills: We can assist you in creating a will that directs how your assets, including your personal belongings, savings, stocks, and real estate will be distributed upon your death. We can help you change an existing will or create a will in combination with a trust.
Trusts: We can assist you in preparing powers of attorney which become effective should you become incapacitated or otherwise unavailable to manage your assets. This allows another person to make personal, financial and medical decisions and take action on your behalf. We are also experienced in creating conservatorships and guardianships for loved ones who can no longer care for themselves.
Powers of attorney: We can assist you in designating powers of attorney should you become incapacitated. This allows another person to make personal, financial and medical decisions on your behalf. We are also experienced in creating conservatorship or guardianships on behalf of clients and their families.
Healthcare directives: Legal documents clearly indicating your wishes regarding your medical treatment can prevent family disputes and prevent your family from making agonizing decisions. We can help you review all of the options available to you.
Living trusts: A living trust provides for the management of your assets if you become incapacitated, and allows you to pass title to your assets without your estate passing through a court-supervised probate process. A living trust can also protect the assets you leave to loved ones from the claims of their creditors or their spouses in the event of a divorce.
Charitable gifts: We can assist you to leverage your gift to provide the maximum benefit to the charity while preserving the tax incentives provided by the Internal Revenue Code.
We are experienced in working with the terminally ill, elderly, and incapacitated and will make house calls when necessary. Contact us today to speak with an experienced Las Vegas regarding your estate plan.
