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Using DIY Legal Forms? It’s a “Penny-Wise and Pound-Foolish” Idea the Court Says

Michael Kling  |  June 13, 2014

Recently, the Florida Supreme Court used a phrase we do not often hear in court opinions to describe a decedent’s actions in planning her estate: “Penny-wise and pound-foolish.” Just what prompted the Court to use this cautionary axiom? It was a woman’s use of an E-Z Lega...

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Nevada Law Helps Shelter Wealth

Michael Kling  |  May 15, 2014

A recent Bloomberg.com article noted that some of the nation’s wealthiest families are renting addresses in South Dakota. Why? So they can shelter wealth from the Federal Government by limiting or avoiding the Federal Estate Tax and the Federal Generation Skippin...

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The Difference a Decade Makes and How Your Estate Planning Can Keep Up

Michael Kling  |  April 9, 2014

By this time, the tragic death of actor Philip Seymour Hoffman at age 46 has fallen out of the news headlines. Looking beyond his celebrity and the shock of his untimely death, we now know that this unfortunate event leaves the rest of us with the chance to consider how b...

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Changing an Irrevocable Trust Through Trust Decanting

Michael Kling  |  March 11, 2014

When you established your irrevocable trust, the purpose was to guarantee your wishes were carried out even if your beneficiaries did not fully appreciate the terms you selected for the trust. There are times, however, when changed circumstances mean your well-planned tru...

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Probate v. Non-Probate Assets: What Is the Difference?

Michael Kling  |  February 27, 2014

You may have heard a wide variety of advice about probate in Nevada and how to use your estate planning to avoid being subject to the probate process. Generally, a good way to avoid the probate process is by using a Trust. It is not the only way, however. Thus, when plann...

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