Creating an estate plan is one of the key ways to plan for your, and your family’s, financial future. By having an estate plan drafted, you’re able to maintain control over your finances. From Wills, to trusts, to planning the beneficiary designations of your assets; we can help you plan for managing your assets during your life, and transferring your assets on your death in a way that best benefits you, your heirs, and your tax situation.
Probate is the legal and judicial transfer of property from a deceased person to his or her heirs. In this process, the court has a hand in the process from start to finish. It can be intimidating when faced with administering the estate of a loved one. When you have an attorney who both knows the ins and outs of the legal system and who can help you manage the personalities with empathy and understanding, it helps alleviate any extra stress which might otherwise be caused.
Trust administration is the act of transferring a deceased person’s trust assets to his or her heirs according to the trust instrument. Most of the time, a person creates a trust to avoid probate administration in court. In theory, that makes the estate administration process easier for their loved ones. However, that does not mean there are not legalities to be followed in a trust administration. We are here to assist you and help administer the trust estate in the most inexpensive, feeling, and supporting way possible; while upholding the Decedent’s wishes.
I am one of the only lawyers in Reno who performs California probate and trust estate administrations. While these should simply be probate administrations similar to Nevada, California probate cases tend to be much more difficult and labor intensive. Many Nevada residents own property or have assets in California which require a California administration to transfer their assets to their heirs on their deaths. In addition, Nevada and California families are often spread between the two states. As such, many people working through California probates are Nevada residents and don’t want to have a long-distance relationship with a faceless California attorney. If you have been appointed as an agent or executor of a California estate, you are not alone.
Just as in California probates, the California trust administrations have different requirements and tighter standards that are not known to most Nevada lawyers. Since we are licensed to practice law in both Nevada and California, we are able to assist you with both Nevada and California probate issues. We frequently attend hearings in both states when needed.
As much as we plan our estates to prevent our families from arguing after our deaths, these disagreements are often inevitable. Sometimes they even end in litigation. After the loss of a loved one, the last thing a family wants to be involved in is a litigation. However, the nature of these cases often create circumstances in which litigation is unavoidable. We have experience in settling, litigating, and finalizing these cases in a calm, professional, empathetic, and expedious manner. Before embarking on litigation, we do everything in our power to avoid going to court in these situations.