Las Vegas Business Services
Family businesses are the backbone of the American economy. From agriculture to services, technology and manufacturing, family businesses generate an estimated one-half of the U.S. Gross National Product and pay half of all wages earned in this country.
Perhaps one of the most important reasons to create an estate plan is to pass on your values and beliefs. Clients often think that estate planning is just about how to divide their property after they pass away. Others think that estate planning is just about saving taxes. And still yet others think it is just about “documents” such as wills, revocable living trusts, irrevocable trusts, durable powers of attorney, and health care documents. Good estate planning should also focus on taking care of you while you're alive and provide you with optimum flexibility in the event you become disabled, so you can indirectly retain “control” to a limited extent. Learn More
Wealth Preservation and Estate Tax Planning
The federal estate tax is a transfer tax imposed when one passes away. Only 1% of Americans are affected by the current federal estate tax laws, but this is temporary until the year 2025. There are three distinct aspects to federal estate taxes that comprise what is 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 a prudent and an important aspect of comprehensive estate planning for those impacted.
We encourage and assist the tradition of giving to charitable causes, including the employment of tax-advantaged strategies that maximize the value of your gift. We help clients make charitable gifts and practice good stewardship in the most tax-efficient manner.
"People want to know that their decision to use charitable donations as a tool makes a difference they value - not only to their tax savings."
Lizette Sundvick, Esq.
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. Learn More
Probate, Estate and Trust Administration in Las Vegas, Nevada
Probate, estate and trust administration are the processes through which estate assets are transferred after death. When “probate avoidance” planning has not been implemented prior to death, the state of Nevada requires a probate court proceeding 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