COVID-19 has affected almost every aspect of our daily lives for more than two years. Above everything else the pandemic has taught us, it has highlighted the importance of being better prepared for the unknown. This fact is no different when it comes to estate planning in Reno. Probate attorneys in Reno had their …
Estate planning is a difficult task no matter the situation. The process of estate planning involves creating a plan for distributing your assets after death. This can be complicated by having assets located in different states or countries, being a foreign resident, or having multiple beneficiaries from previous marriages. If you are involved in …
If you’ve worked hard to create wealth for yourself and your family, you may want to consider multigenerational estate planning. One of the most important things you can do to protect your family’s long-term financial health is to plan for future generations. According to Forbes, only 10% of wealthy families retain their wealth past …
For most of human history, our ancestors were nomadic wanderers. The hunter-gatherer era of humanity was a long one, marked only by traces of our prehistoric presence scattered throughout caves, fields, and grave sites. For thousands of years, humans lived with the land, but beginning around 30,000 BCE, we began the 15,000-year transition from nomadic …
Celebrities are often a source of envy and aspiration, but they can also be an excellent example of what not to do. Several millionaires throughout history have dropped the ball when it comes to estate planning, leaving their heirs, fans, and business partners in a state of chaos and disarray. While the average person may …
Celebrity Estate Planning Fails – And What We Can Learn From Them Read More »
While we at Kalicki Collier love what we do, we recognize that a number of aspects of the law are less than appealing. Combine that with the loss of a family member or a loved one, and we’re nearly certain the last place a grieving person wishes to visit is the courthouse. The law …
Tips For Maintaining A Respectable Probate Court Read More »
Drawing up a will is an important step for anyone who wants to communicate their wishes and intentions after death. A will ensures that your family is taken care of by naming guardians for your children and making allocations for your spouse. A well-crafted will communicates how you want your property and assets distributed. It …
Our own mortality is something no one wants to think about, so it’s quite normal that estate planning is one of those things that we tend to put off. But even though the thought of our own deaths is both terrifying and anxiety-inducing, it’s an incredibly important part of life. Ensuring that our loved ones …
Wills and trusts are built around the unfortunate but realistic question—what happens to my valuables after I pass away? Wills and Trusts both deal with your estate and its transference to heirs. However, only trusts can avoid a process in probate court—something that many find attractive given the complexities, long waiting periods, and objections that …
Should I Leave a Will or a Trust? | Kalicki Collier Read More »
For many first-time homebuyers with no pressing urgency or property investors, securing real estate ownership through probate court is a cost-effective way of obtaining property for less than an asking price may be through the typical seller’s market. A probate home goes up after a homeowner passes away before absolving significant debts. Creditors who are …
While the importance of personal estate planning is often emphasized and many people draft a last will and testament or establish a trust for their loved ones, that’s not the only sphere that should be considered. If you own a business, then estate planning will secure your company’s legacy as well as protect those connected …
While it seems like in the mainstream media, trust funds are reserved for the super rich, this is not the case in real life. There’s no need to be very wealthy; anyone can set aside funds for after their death. While a traditional will designates how your assets are distributed in the event of your …
While it is possible to avoid probate court with robust estate planning, many estates will go through a process where executors divide and share assets as best they can, given the information and wishes described by a will. As you might imagine, financial assets like bank accounts may be easily divided by examining their contents …
We all want to make an impact while we are around. We inevitably collect things we can’t take with us no matter how we live. Luckily for us, we live with the freedom to distribute the rewards of a life well-lived after our passing, and the process of designing this transfer is known as Estate …
Estate planning is the process of managing an individual’s estate or asset base during his/her life and after death. It includes preserving, arranging, and distributing your estate to whom you want to receive them in the event of your incapacitation or death. Estate planning involves the settlement of estate taxes, expenses, and financial obligations to …
What is estate planning and why is it important? Read More »
