What is Probate?
We have all heard the word, but what does it mean? Probate is a civil department of the state district court. Nevada has 11 judicial districts, and each has a probate department. When someone dies, whether with or without a will, their estate must go through probate court. The reason for probate court is to […]
Do I need a Power of Attorney if I have a Revocable Trust?
A Revocable Trust is a legal instrument commonly used for Estate Planning purposes. For instance, if properly executed, a Revocable Trust may prevent your heirs from enduring a lingering probate process. It may also allow your Successor Trustee to step in and handle your financial affairs in the event that you become incapacitated and are […]
Villanueva Joins Black & Wadhams in New Reno Office
Black & Wadhams Attorneys at Law, a statewide law firm with unparalleled experience in establishing, protecting and defending businesses doing business in Nevada, is pleased to announce the addition of Silvia Villanueva Esq. to the firm. Villanueva has joined the team in the new Reno office located at 50 West Liberty Street, and she specializes […]
Black & LoBello on the Radio
Click here to listen to the Legal Hour on KDWN AM720 from August 15th, 2011 in which Christopher J. Philips, Esq., discusses the benefits of a living will, trustee questions, avoiding unnecessary probate fees, changes to estate planning documents to conform with Nevada Statutes and Nevada’s new Domestic Partnership law as it relates to probate. Please tune […]
SB 221 Clarifies Trusts and Estates
SB 221 is intended to improve the law relating to trust and estate issues with the following objectives: (a) to simplify the process of transferring assets at death, whether or not probate is required; (b) to clarify the rights of creditors as to nonprobate asset and trust assets; (c) to clarify exemptions from creditors’ claims […]
What are some options when forming an estate plan?
Nevada Probate Basics
Christopher J. Phillips, Esq., explains when a probate is required in the state of Nevada.
Nevada’s Support Statute For Spouses & Minor Children
The Nevada Legislature has enacted a very powerful statute designed to provide support to surviving spouses and minor children when the gross estate is less than $100,000 (after deducting encumbrances) and avoid paying most, if not all creditors. NRS 146.070 provides that if a person dies with a spouse and no children, leaving a gross […]
Nevada Probate Basics
What would happen to your assets if you died today? A proper estate plan can be the difference between an efficient, expeditious, and inexpensive distribution of your estate and an administration that takes years and costs tens of thousands of dollars. In Nevada, there are several mechanisms that can be implemented to avoid the expense […]
Black & LoBello’s Quarterly Newsletter: You Have Been Served! 2.4.2010
This edition of You Have Been Served! 2.4.2010 focuses on estate planning, probate, and asset protection services offered by Black & LoBello. We have acquired some of the finest legal minds in these areas. Schedule an appointment with us today to make sure your assets and your loved one’s are properly planned for and protected.