How to choose the best estate planning attorney in Las Vegas
An estate planning attorney in Las Vegas is responsible for your loved one’s entire estate, so you don’t want to settle for second best. The first thing you should look for is the specific expertise that your loved one’s estate demands. You’ll want an attorney with experience composing wills if your loved one has a normal estate, while those with substantial real estate holdings or stock market portfolios should look for more specialized skill sets. You should also consider costs early on in the process. Your loved one will be in frequent contact with their Las Vegas estate planning attorney, so ideally they should have a great personal rapport as well.
You can also ask potential lawyers for recommendations or referrals if you like. Anybody who cannot offer one is probably not the person you are searching for. Some attorneys pay for positive recommendations too, so be careful about trusting everything you read in a review.
Facts and trends in Las Vegas estate planning
How many seniors in Las Vegas are participating in estate planning?
While most people agree on the importance of estate planning, it’s easy to put it off until time has run out. Unfortunately, that means that a lot of seniors don’t have wills prepared yet. The statistics below from the IRS reveal how many people in Nevada had filed for a trust in 2014:
|Number of Returns Filed for Complex Trust
|Number of Returns filed for Simple Trust
If your loved one doesn’t have a will, state law and the local judicial system will determine how their assets are distributed. Your loved one probably doesn’t want that, so please use our resources to find a qualified Las Vegas estate planning attorney today. It’s the best way to ensure a smooth experience in probate court.
Does Las Vegas senior citizens’ income affect the likelihood of having a will?
Some seniors feel that they don’t have enough assets to justify professional estate planning services in Las Vegas, but the peace of mind that comes with estate planning is worthwhile for anybody. The following table highlights the results of a 2016 Gallup poll that looked at how income affects the likelihood of having a will:
Only about half of the population has a will even at higher income levels, so we need a lot more seniors to participate in estate planning. You can help your loved one do their part by using our free resources to find them a certified Las Vegas estate planning attorney today.
What are the benefits of working with an estate planning law firm in Las Vegas?
The most important benefit of working with an estate planning lawyer is ensuring that your loved one’s assets are distributed to the proper heirs promptly. That could include decisions that other family members may disapprove of, such as leaving a sizable gift to a favored charity or including potential heirs that others would like to see excluded. Wills can also mitigate the in-fighting that can arise when a family member passes away. A lawyer can also make as many adjustments to your loved one’s will as required, so the process doesn’t have to feel like the end. The result is peace of mind for everybody involved.
Estate planning solutions for Las Vegas seniors
We understand that estate planning is a difficult conversation to have with a loved one, but you don’t have to do it alone. Use our resources to find a great lawyer who can help your loved one with all of their estate planning needs. Then, you can enjoy your remaining time with your loved one without fretting about financials.