Nevada Probate Avoidance Strategies  – Part 2 of a 5 Part Series – Joint Ownership

Nevada Probate Avoidance Strategies  – Part 2 of a 5 Part Series – Joint Ownership

ByKevin Walsh, Esq

If you hold title to real estate with a spouse or life partner, there’s a good chance the title will contain the words “joint tenants.”  When two or more people hold title to property jointly, the deceased owners interest in the property passes to the surviving joint owner(s) according to the “the right of survivorship.”  This type of joint ownership can be used for land, automobiles, bank accounts, and some other types of property. The…

Nevada Probate Avoidance Strategies – Part 1 of a 5 Part Series – Make Gifts While You Are Alive

Nevada Probate Avoidance Strategies – Part 1 of a 5 Part Series – Make Gifts While You Are Alive

ByKevin Walsh, Esq

When you pass away your estate may be required to go through probate (with a will) or administration (without a will). These judicial processes are used to accomplish the legal transfer of your property to your beneficiaries and heirs. Many families position themselves to avoid the delay and expense of probate and administration. By far the most popular strategy used by estate planners to avoid probate involves the creation of a revocable living trust. There…