Sparks Estate Planning Lawyer

Although Sparks is not the most populous city in Nevada, its residents have fun at places like Sparks Marina Park and The Nugget Event Center. The lasting memories that families make with each other in Sparks are worth protecting. Give your loved ones a brighter future with the help of a Sparks estate planning lawyer.

Experienced Estate Planning Attorneys in Sparks, NV

At Surratt Law, the estate plan is just the end product; our personalized services are what keep people coming back. We are able to work through estate plans for unconventional situations. Whatever your wishes are for your assets, we can create a plan specifically for you.

Parts of an Estate Plan

Every part of an estate plan serves a different purpose. There are specific documents to accomplish certain tasks, including:

• Wills. A will is one of the most basic elements of an estate plan. This document helps the executor of your estate figure out what the estate had in it. It can also lay out what you want done to your body after your death.
• Trusts. There are different kinds of trusts available, depending on the circumstances. Each kind of trust is better for different families and situations. Some trusts let you change them at will, while others are permanent once you create them.
• Powers of attorney. A power of attorney is a legal document that lets someone have power over a certain part of your estate. They can control all of it or just one part. Common areas include healthcare and financial powers of attorney. You can also give a professional power of attorney.
• Healthcare directives. Healthcare directives are documents in addition to other elements of an estate plan that outline your medical wishes. If you cannot communicate with healthcare staff, they can use a healthcare directive to make decisions based on what you mentioned in writing.
• Beneficiaries. Some financial accounts let you place people as beneficiaries before your death. If someone is a beneficiary, they can receive your assets without having to go through probate. An attorney can determine whether you have any financial accounts that are eligible for beneficiaries.

The average value of homes in Sparks is $478,100. A home is one asset that is important to protect in an estate plan. An attorney is an important part of the creation of it.

Why Hire an Estate Planning Lawyer?

Some people might have simple needs that could reduce their need for an estate planning lawyer. However, most people would benefit from working with an attorney who knows both estate planning and family law.

If you know your family members are not on great terms with one another, then they might argue about your will or other issues within your estate plan. In situations like these, an attorney might be needed to lay out clear terms that cannot be contested.

If you have international assets or assets located in another state, they usually require more documentation. It’s important to let your relatives know about these assets within the estate plan so that they are able to receive them during probate. This also applies to people living in another country with property located in the United States.

There are some scenarios that apply to one member of the family or relationship. For example, trusts can be used to make people do things, like graduate from college, before receiving their assets.

Why Choose Us?

The team at Surratt Law is dedicated to your family’s success. This means sitting down with you and discussing your goals. We can create a plan around your family and their needs. Our experience with situations like blended families and unique relationships has helped us offer tailored solutions to our clients.

FAQs

Q: Are Estate Planning Lawyers Worth It?

A: Estate planning lawyers are usually worth it. Although there is an upfront cost, their services usually pay for themselves over time. This is because a professional estate plan can reduce the amount of attorneys fees your loved ones have to pay. It can also reduce the amount of stress on you due to the complex nature of creating an estate plan yourself.

Q: What Is the Purpose of an Estate Plan?

A: The purpose of an estate plan is to protect your assets. This can be done using a variety of legal tools. You want to protect your assets for your loved ones to use in the future. An estate plan can also help make sure your wishes are followed regarding your medical care, death, and funeral by outlining them in the plan.

Q: Do I Need an Estate Plan?

A: You need an estate plan if you have assets that you want to protect. The assets can include things like bank accounts, real estate, and other property, like cars and other valuable items. An estate plan can help these assets go to the right people. If you have people who depend on you, like spouses or children, they could also benefit from you making an estate plan.

Q: Does My Estate Plan Need a Trust?

A: Your estate plan might need a trust if you have assets that you do not want to go through probate. This can make the process easier for your loved ones when you are gone. However, some assets cannot be placed in a trust. Speak with an estate planning lawyer to determine whether or not you need a trust.

Review All of Your Options

Sixteen percent of Sparks residents are 65 years old or older. For these residents, it is important to make sure your assets are passed on to your loved ones. To have reassurance over your affairs after your death, schedule a consultation with Surratt Law.