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Estate Planning


Las Vegas Estate Planning Lawyer

Looking for an attorney for estate planning in Las Vegas?

According to an article by Forbes , half of Americans don’t have any estate planning documents in place, such as a will. Why is this a problem? Planning for the future is important. You should want to ensure that your loved ones are taken care of, in the event that you pass away unexpectedly. Estate planning also allows you to protect your hard-earned investments and assets.

Estate planning is beneficial for a number of reasons: it provides financial stability for any surviving generations, preserves your wealth for your loved ones, guarantees your wishes are carried out, allows you to support the charities you love, ensures your assets are distributed in a timely manner, minimizes the taxes your family will have to pay, protects your family’s privacy and meets the expectations of your survivors. Estate planning can provide you and your family with a deep sense of peace in both the good times and the bad. A death in the family is hard enough- don’t make this grieving period more difficult for your family by failing to set up the necessary provisions.

Ready to get started? It is important that the estate planning process is handled by a confident and experienced estate planning professional. At The Law Offices of Brian C. Tanko, we are proud to offer our clients exceptional service and over 18 years of experience in providing outstanding representation to individuals and families in the Las Vegas area.

Asset Protection
A Nevada asset protection trust, otherwise known as a Nevada self-settled spendthrift trust can protect assets from future creditors and lawsuits. Such asset protection trusts are only available in a limited number of states and Nevada has the most debtor-friendly laws available.

Distribution of Assets 
There are a number of factors that determine how a deceased person’s assets are distributed. For example, the existence of a will or trust, or a lack thereof will have an impact on how the decedent’s assets are distributed and to whom.

Elder Law 
Elder law is a growing area of law that encompasses the needs of the elderly, such areas include Medicaid planning, long-term care, bequeathing assets to grandchildren, and general estate planning.

Estate Tax Planning 
Whenever you engage in estate planning, you should be fully aware of your potential tax liability. You should understand how estate taxes might be assessed against your estate and what strategies you can use to minimize if not eliminate estate taxes. This way, your family, loved ones or charitable organizations of your choosing can receive as much as possible as opposed to the IRS.

A guardianship is a legal relationship where someone is appointed to manage the personal and/or financial needs of a minor or an incapacitated adult. Guardianship is a large responsibility in which the guardian’s actions are monitored under close supervision of the court.

Medicaid Planning 
Medicaid planning involves using legally-sound strategies to preserve one’s wealth so they can pass it down to their spouse or children while improving Medicaid eligibility. With proper planning in advance, one can take advantage of the opportunity to shield their assets without subjecting them to Medicaid Estate Recovery.

Special Needs Trusts 
Special needs trusts are vital tools that allow the parents of special needs children the ability to provide for their children while preserving their much needed government benefits.

Trust Administration 
A trustee is an individual appointed to manage a trust’s assets; this process is called trust administration. Trust administration often involves numerous responsibilities which may include paying debts, investing trust assets so they are productive, paying for a beneficiary’s educational expenses and more. Trustees have a fiduciary duty to act in the best interests of the beneficiaries at all times.

Wills and Trusts 
Wills and trusts are common estate planning tools. While both are integral parts of a comprehensive estate plan, each tool has distinct properties and serves different functions. To learn about the benefits of wills and trusts and how they are useful, contact our estate planning attorney for more information.

Let a Las Vegas Estate Planning Lawyer Assist You Today!

If you are ready to move forward with your estate planning or wish to speak with a lawyer regarding beneficiaries, executors, inheritance, finances, wills, trusts or other important aspects related to your needs and the future, do not hesitate to contact The Law Offices of Brian C. Tanko right away! At our firm, we are proud to provide free case evaluations to all potential clients and we assist families in achieving financial stability and protection after their loved one has passed away. Contact The Law Offices of Brian C. Tanko today to get started with your estate plan and to receive more information about this process!

Have Unanswered Questions?
With our help, you can fully understand the various aspects of estate planning & probate law.