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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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Don’t Let Your Estate Plan Waste Away on the Shelf

Michael Kling  |  January 16, 2014

Do you already have an estate plan? Has that estate plan been sitting on the shelf for a number of years? If so, it may be time for a review so your planning is not derailed by your evolving life or by the ever-changing tax laws. Consider these reasons for dusting off you...

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