Your Personal Estate Planning Attorney
Our goal is to make it as easy as possible to protect your loved ones, preserve your assets, and secure a great future for your family after you’re gone. Unlike traditional law firms that charge by the hour and approach estate planning as a one-time transaction, we provide custom, flat-fee based, estate plans that reflect your unique needs and goals.Schedule a Consultation
Information About Estate Planning in Reno, NV
If you have questions about estate planning, our Reno estate planning attorney has answers. Here are some of the most common questions that clients ask about estate planning.
Simply put, estate planning is the process of planning ahead for your eventual death or disability. It includes instructions for who is to receive your property after you pass away, what they will receive, as well as when they will receive it. Regardless of the circumstances, the goal of estate planning is to make it as easy as possible on your family to deal with your death, injury, or illness. Here’s a more detailed explantation.
An estate plan is a package of all the documents that your family will need when the worst happens. The first document in every estate plan is the Last Will and Testament. This is the legal document that controls how your property is distributed. It can also be used to nominate a guardian for your minor children, if you have any. An estate plan should also include a financial power of attorney and a healthcare power of attorney. These are documents that appoint someone to make financial and medical decisions on your behalf if you are unable. Many estate plans also include a living trust, which we generally recommend if you own real estate, have multiple beneficiaries, or you want to prevent your heirs from squandering their inheritance. Here’s a more detailed explanation of common estate planning documents.
We generally charge a flat fee for estate planning services, which we believe is the best pricing model because it allows you, the consumer, to budget and plan accordingly for payment of your attorney’s fees. Hourly rates, on the other hand, can lead to unexpected bills that are far more than originally estimated. With a flat rate, the risk of going over the original estimate is on the attorney — not you.
We typically charge $600-$800 for a simple will package and $1,800 – $2,500 for a living trust package. We recognize that it can be difficult to pay attorney’s fees all at once, so we offer payment plans to help make estate planning affordable for everyone. Here’s more information on the fees our office charges for estate planning services.
Both a will and a living trust will serve to transfer your property after death, but they work very differently. A will provides instructions for the probate court to follow after your death, while a living trust takes ownership of your property and allows you to skip probate altogether. Here’s an article that covers wills vs living trusts.
Services Offered By Our Reno Estate Planning Attorney
Our Reno estate planning attorney has extensive experience developing and implementing estate plans for all sizes of estates, big and small. From simple to complex, we can create a plan that meets your specific needs and desires. We focus on customized and practical plans designed to accomplish each client’s individual goals. Some common estate planning services provided include:
- Living trust (also called a revocable trust)
- Pour-over will
- Durable Power of Attorney for Finances
- Durable Power of Attorney for Healthcare Decisions
- Various “funding” documents, such as deeds, trust certifications and assignments
In addition to the above services, we are also highly experienced in designing more advanced estate plans for individuals with more complex needs, including reduction of estate or gift taxes. Such advanced estate planning tools may include:
- Irrevocable Life Insurance Trust (ILIT)
- Qualified personal residence trust (QPRT)
- Family limited partnership (FLP)
- Grantor trusts (also known as “defective trusts”)
- Grantor retainer annuity trusts (GRAT)
- Charitable trust or private foundation
- Dynasty trusts
- Asset protection trusts
We also regularly advises clients on charitable planning for those who wish to leave a portion of their estate to charity. There are a variety of ways in which clients can benefit both a charity and their estates at the same time. We can develop the perfect charitable plan for you, including a charitable trust, private foundation, or other device.
Contact Us For Estate Planning in Reno, NV
Estate plans are vital for everyone, whether you have a large or small estate. You do not want to leave yourself and your family members unprotected, so contact us if you need to create or change your estate plan.
Schedule your free estate planning consultation to get answers to all of your estate planning questions.Schedule
Would you rather schedule your consultation by phone? Call us at (775) 376-7306