Why Everyone Needs A Will
A lot of people ask me if they really need a Will – likely in hopes that I will say “Nah” and give them a pass on this important task. However, the answer is YES – you certainly need a Will and depending on your family circumstances, and the types of assets in your estate, you may need more advanced planning. Here’s why…
Your Will provides valuation information for your loved ones upon your death. In your Will, you will address four key issues: nomination of an executor, nomination of a guardian in the event of your incapacity, nomination of a guardian for minor children, and the disposition of your property.
The executor’s job is to handle your final affairs and to probate any assets that need to go through probate. It is important to note that in Nevada a Will won’t help you avoid probate – depending on your circumstances you may need a revocable trust if avoiding probate is a high priority.…