OUR PRACTICE AREAS
Estate planning is a process by which an individual designs a strategy and executes a will, trust agreement, or other documents to provide for the administration of his or her assets upon his or her incapacity or death.
Estate planning typically attempts to eliminate the costs, delays and uncertainties over the administration of a probate and maximize the value of the estate by reducing taxes and other expenses.
Estate planning involves wills; trusts; beneficiary designations; powers of appointment; property ownership (joint tenancy with rights of survivorship, tenancy in common, tenancy by the entirety); gifting; and powers of attorney, specifically the durable financial power of attorney and the durable medical power of attorney and is generally done with the support of a lawyer.
Our primary estate planning attorney has decades of experience in both Nevada and California law, and can help you in all areas of estate planning, trust administration, probate and estate and trust litigation.
Wills and Trust
Wills, trusts, living trusts, powers of attorney and all variations thereof are essential tools for determining the management of your assets and your health care decisions should you ever become incapacitated, and for the efficient distribution of your assets at your passing. Our estate law attorney can help determine what form or combination of these tools is best for you and your family.
Gifting and structured gifting can be an efficient and economic method of distributing assets to your heirs. Qualified personal residence trusts allow you to gift your home to your heirs, offering significant tax savings to your family. A properly structured life insurance trust allows the passing of life insurance proceeds estate tax-free to your family. Trusts for minors may provide significant benefits to your family. Let our estate law attorney assess and recommend which gifting methods may be advantageous to you and your family.
The ongoing administration of a trust is essential to achieve its goals. To properly administer a trust, each trustee must be educated as to their fiduciary duties and responsibilities under both the terms of the trust and state law. Our estate law attorney has decades of experience in trust administration and can assist you in administering your trust.
Probate, the official establishment of a will’s validity, can be overwhelming and confusing to grieving family members. The proper probate of a will can help make the process as smooth and efficient as possible. Our attorneys can help guide you through the court probate process in both Nevada and California.
Guardianship can be both a difficult and an essential issue. Our family law attorneys can help you set up a guardianship for your family. A guardianship can be sought over the person, the estate of the person, or both depending on the situation.
Estate and Trust Litigation
Disputes can often occur in the administration of a trust or a probate estate, especially when there are substantial amounts of money involved or when family conflict is present. These disputes can arise between beneficiaries, between a trustee or other fiduciary and beneficiaries, or from third parties. In trust and probate litigation, Incline Law Group represents both beneficiaries and fiduciaries.