Las Vegas Estate Planning
Business Law, Elder Law and Asset Protection Planning
Las Vegas Estate Planning Attorney Lizette Sundvick
Lizette B. Sundvick
Attorney at Law
Through the Sundvick Legacy Center, estate planning attorney Lizette Sundvick focuses on providing families with peace of mind through an exceptional client-focused process that clarifies the significance of their lives today and secures their future legacy for generations to come. Lizette strives to provide a personal touch with concern, commitment and competency. She excels in guiding her clients through the often confusing maze of financial and legal decisions necessary to create plans that ensure the well-being of their families and their goals.
Lizette has concentrated her practice on the areas of values-based estate planning, including trusts, wills, powers of attorney and federal estate tax planning; inheritance planning and protections for children; business entity formations; and asset protection for professionals, real estate developers/investors, business owners and seniors (pre-Medicaid planning). The Sundvick Legacy Center serves clients in Henderson and the greater Las Vegas, Nevada area.
Estate Planning Services
Fundamental Estate Planning
There are many legal strategies involved in estate planning, including wills, revocable living trusts, irrevocable trusts, durable powers of attorney, and health care documents. Estate planning in Nevada also must account for the fact that Nevada is one of only nine Community Property States in the country. Community Property offers married couples some unique advantages, as well as challenges, both of which must be appropriately considered in any comprehensive Nevada estate plan. Learn more about the estate planning process.
Federal Estate Tax (Death Tax) Planning
The federal estate tax is an excise tax levied on the transfer of a person's assets after death. In actuality, it is neither a death tax nor an inheritance tax, but more accurately a transfer tax. There are three distinct aspects to federal estate taxes that comprise what's called the unified transfer tax: estate taxes, gift taxes, and generation-skipping transfer taxes. Legal planning to avoid or minimize federal estate taxes is both prudent and an important aspect of comprehensive estate planning. Learn more about federal estate tax (death tax) minimization.
Nevada Probate and Estate & Trust Administration
Probate and estate administration are the processes through which estate assets are transferred after death. In Nevada, a probate court proceeding is required for estates valued at more than $20,000. Nevada also requires appointment of a personal representative and a formal probate court proceeding for estates of more than $100,000. The personal representative's duties and the probate process itself will vary depending on the nature and value of the estate assets, the terms of the will (if there is one), and etc. The Sundvick Legacy Center can help make the process easier, more efficient, and provide peace of mind during a difficult time. Learn more about Nevada Probate and Estate & Trust Administration.
Asset Protection Services
Nevada Asset Protection
Asset protection planning involves making prudent decisions today to protect yourself, your business, and your hard-earned assets from loss due to lawsuits, creditors or bankruptcies. Nevada has some of the strongest asset protection laws in the country. As a Las Vegas asset protection lawyer, Lizette employs several unique Nevada Asset Protection strategies, including the Nevada Series LLC and Nevada Spendthrift Trust (also known as the Nevada Asset Protection Trust). Learn more about Domestic Asset Protection.
Starting a Business in Nevada & Business Succession Planning
Nevada is a business-friendly state and the advantages of forming a Nevada corporation or a Nevada LLC are substantial. We assist clients in choosing which Nevada business entity (or entities) is best for their situation. We also help business owners with the unique challenges of business continuation, succession and even business exit strategies. We also work with family business owners to coordinate the business and family estate plans and meet the challenges of estate equalization while while ensuring family harmony and the ongoing health of the business. Learn more about estate planning challenges for business owners.
Charitable Planning
The Sundvick Legacy Center encourages and assists the tradition of giving to charitable causes. In addition to the many personal rewards inherent in making a charitable gift, most gifts also provide a current charitable income tax deduction. However, some also can save capital gains taxes, increase income, and provide you, or whomever you designate, with an income for life. Additionally, these types of gifts may provide an estate tax deduction — an important consideration in planning your estate. Learn more about Charitable Planning.
Elder Law Services
Elder Law & Nevada Medicaid
Elder law is another aspect of estate planning, focusing primarily on the needs of families and individuals as they age. Issues of aging include senior housing and home care, long-term (or nursing home) care, guardianships and health care documents, and Medicare, Nevada Medicaid and pre-Medicaid planning. Learn more about elder law services.
Newsletters & eNewsletters
Each month I send an electronic newsletter to friends and clients covering issues of estate planning, asset protection, and elder law. (a hard copy also is mailed quarterly). Here is the featured article from this month's issue:
Five Common Estate Planning Mistakes
Proper estate planning is not just for the rich and famous. Surprisingly, however, that is a common misconception. Every adult American has an estate worth planning, regardless of their net worth. In this article we review some critical estate planning concerns.
Learn how you can avoid making common estate planning mistakes...
Get your free Business and Estate Planning Newsletter subscription:
The Life & Estate Planning Blog
Read more about Life & Estate Planning on my Blog at http://blog.sundvicklegacy center.com. Click on any title below to read the entire post.