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Most parents tell their children that most or all of what the parents leave when they die will go to them but sometimes we get calls from children that are afraid their parent is going to be taken advantage of.
NRS Chapter 166, allows the creation of Spendthrift Trusts. The idea of a spendthrift trust is that money is set aside for a beneficiary that cannot be attacked by creditors.
At Reed & Mansfield we believe that your first line of asset protection should be adequate liability insurance. Find out more about the types of insurance you may want to consider.
The vast majority of calls we receive regarding complaints about other lawyers are due to 3 main reasons.
Lawyer jokes arise in part because some people think some lawyers try to wrongly encourage people to get into expensive and unnecessary legal fights.
Compushare is a financial company that many corporations use as the custodian for small shareholders with odd numbers of shares. Find out how this may be a challenge with estates.
Often, in a probate case, the Decedent’s residence has to be sold. If the mortgage on the property is large compared to the value of the house and if it takes a long time to sell the house, the bills can eat up a large part of the estate.