Posted by Lizette Sundvick | Aug 15, 2024 |
In a society where litigation is common and economic downturns are unpredictable, safeguarding your assets isn't just advisable—it's essential. Asset protection planning serves as a financial shield, ensuring your wealth remains secure from potential lawsuits, divorces, creditors, and long-term care issues. However, the effectiveness of this protection hinges on proactive planning. Establishing a trust, particularly in Nevada, can provide unparalleled security for your assets, offering peace of mind and long-term stability for you and your loved ones.
Posted by Lizette Sundvick | Jun 22, 2024 |
You’ve hoped, dreamed, and possibly waited years, and now you finally have a grandchild – congratulations! Becoming a grandparent is incredibly special and rewarding. Your priorities and goals can change overnight as your concerns about taking care of your children now also include ensuring your grandchild is protected. It’s time to include this new precious family member in your legacy planning.
Posted by Lizette Sundvick | May 20, 2024 |
You've probably heard about the importance of setting up a trust, funding it, and avoiding probate. But what do all these terms mean, exactly? How do you “fund” a trust, and why is avoiding probate so important?
We will break down these basic Estate Planning terms and concepts in an easy-to-dig...
Posted by Lizette Sundvick | Apr 19, 2024 |
The saying "April showers bring May flowers" means good times come after adversity. But what if April is bringing you a few too many showers? Sometimes, life comes at you all at once, and it can be hard to be positive and wait for the metaphorical May flowers to arrive when you're in the midst of one personal crisis after another. So, what do you do when April is simply a deluge, and May seems so far away?
Posted by Lizette Sundvick | Mar 11, 2024 |
Do you know the impact on you and your loved ones if your estate has to go through probate or guardianship court? Probate is a legal process where the court appoints an executor to administer the estate and distribute assets. In the case of a disability, an estate can go through guardianship court, where a guardian is appointed to handle the financial affairs and healthcare decisions of the disabled person. These court processes can happen when someone doesn’t previously have a trust with their assets coordinated properly with it. They are lengthy, expensive, stressful, and...avoidable.
Posted by Lizette Sundvick | Feb 11, 2024 |
If you've ever wished you had just one extra day to do something, now's your chance! February 29th is Leap Day, an extra day in the year you can use to catch up on a goal or have fun celebrating in a unique way. Here are some ideas of things to do on this extra day.
Posted by Lizette Sundvick | Jan 12, 2024 |
For a business owner, the end of the year is very busy, buttoning up payroll, making any last-minute large purchases or charity donations, contributing to their retirement account, and many other time-sensitive matters. Now that the end-of-year crunch has happened and a new year has begun, what s...
Posted by Lizette Sundvick | Nov 19, 2023 |
Let’s do an end-of-year review! If it’s been a while since you’ve updated your estate plan, here is your reminder. It's a good idea to put this task in your calendar every year around this time to coincide with your other financial end-of-year tasks, like charitable donations and retirement plan contribution top-offs. That way, your estate plan is continually updated, and any life changes that have happened throughout the year can be accounted for before the next year. Remember, your estate plan is not a static document - it needs to change along with you.
Posted by Lizette Sundvick | Oct 22, 2023 |
October is Cybersecurity Awareness Month, and with all the recent hacking of major entities like MGM Resorts International, Caesars Entertainment, and the Clark County School District, it feels appropriate to discuss what you can do to keep your personal information and finances safe. Thieves are...
Posted by Lizette Sundvick | Sep 17, 2023 |
It seems so natural when buying real estate that you’d put the property under your own name – after all, you are the owner. But what a lot of us don’t think about are the ramifications of having our personal information out there and the liability individual ownership creates for all our other assets. There are many reasons why putting your real estate into an LLC is a great idea to protect you and your finances. Car accidents, business deals gone wrong, and injuries on your property are just a few of the instances where insurance might not be enough protection.
Posted by Lizette Sundvick | Aug 13, 2023 |
Summer is the perfect time for barbecues, family visits, and fun vacations. With all the activity that summer brings, and the fact that you're more likely to see family, now might be the right time to discuss estate planning with loved ones and to think about your own.
You no doubt spend a lo...
Posted by Lizette Sundvick | Jul 17, 2023 |
I don't need to tell you that we are currently under an intense heat dome that's been keeping our summer temps extremely high for way too many days. Us Las Vegans are accustomed to surviving in the desert heat, albeit with lots of air conditioning and sunscreen. But with high utility costs, const...
Posted by Lizette Sundvick | Jun 06, 2023 |
The concept of an Ethical Will has been around since biblical times. It was a way for people to pass on their shared stories, wisdom, and blessings to the next generation. It is not a legal document like a last will and testament. Instead of laying out who will inherit the assets, it leaves a type of moral inheritance such as philosophies, memories, life lessons, and wishes for loved ones and future generations. It can be as simple as a letter written to one’s children and grandchildren, or it can be a longer personal history. Read on to learn more about what Ethical Wills are, why you should write one, and what to include in yours.
Posted by Lizette Sundvick | May 25, 2023 |
Memorial Day honors our nation’s heroes who have made the ultimate sacrifice. As we cherish the legacies they leave behind, it can serve as a reminder that all of us have legacies to leave our loved ones and communities. For military service members, risking their lives for their country is part of the job, which makes it that much more important that they have an Estate Plan in place to protect themselves, their families, and to leave a legacy of their own design.
Posted by Lizette Sundvick | Mar 31, 2023 |
Easter Egg Hunts are a delight for kids, searching high and low for those candy-filled eggs. Setting up these scavenger hunts for your children is a beautiful pastime. However, what parents should want to avoid are these types of scavenger hunts later in life, making their children search everywhere for estate planning documents during a time of grief. Here are some tips on how to avoid a "hunt" for important documentation and take some of the strain out of a difficult situation.
Posted by Lizette Sundvick | Feb 05, 2023 |
Estate Planning is never static; it grows and changes along with you. When you're a business owner, it adds another level of complexity that you need to maintain to ensure everything with you and your business remains up to date. Depending on where you are in your life journey (and the life of your business), there are certain Estate Planning elements you should be aware of and questions you should ask yourself along the way.
Posted by Lizette Sundvick | Dec 11, 2022 |
I recently watched a news story that said despite being squeezed by the higher prices of inflation, Americans aren't slowing down their holiday purchases. To make matters worse, even though the average credit card's APR now tops 19%, people are charging record amounts to their credit cards in ord...
Posted by Lizette Sundvick | Nov 21, 2022 |
The busyness and stress over the holiday season can easily disrupt intimacy in marriages. To avoid letting the crazy calendar, expenses, and relatives get you bickering with each other, we've compiled a quick list of tips to help you get through the holidays with a thankful heart and a strong uni...
Posted by Lizette Sundvick | Oct 20, 2022 |
Estate planning is not just for the wealthy. People of all ages and all income brackets should have an estate plan. Unfortunately, less than 50% of adults in the US have created a will or set up a trust. We're here to change that. We've compiled the top ten reasons why YOU should have an estate p...
Posted by Lizette Sundvick | Aug 11, 2022 |
When’s the last time you took a vacation? There’s a ton of research showing that taking time off is really important for your well-being, lowering rates of heart disease and reducing stress, depression, and anxiety. But what if you need a vacation and can’t get out of the city because of things like budget concerns or conflicting schedules? The average travel budget is around $323 per person, per day! Let’s save that cash and travel time and get the benefits of a vacation without ever leaving home. Here are some ways to create that “getting away” feeling within your house and hometown.
Posted by Lizette Sundvick | Jun 14, 2022 |
Over the years, he's done so much for you and shared his wisdom (whether you wanted to hear it or not). For Father's Day, this can be your time to give something back to your elderly father: help with developing an estate plan. You can't give him a completed estate plan, but you can gift him yo...
Posted by Lizette Sundvick | May 05, 2022 |
What if, tucked in an envelope on top of the usual box of chocolates you give to your mother this Mother’s Day, was something that would make this year’s holiday truly remarkable and bring you even closer together? It wouldn’t cost any money, just your time and a tap into your memory and emotions. I’m talking about a letter, written by you, to express thanks to your mom. It’s a gesture that is sure to be a highlight of all her Mother’s Day holidays.
Posted by Lizette Sundvick | Apr 05, 2022 |
Being organized is not only the state of your house but your state of mind. The benefits to becoming more organized in your life are significant: less stress, peace of mind, more confidence, items are in their place, time and money are saved, and more connection with friends and family. We’ve compiled a list of tips to help you become organized and remain organized in your home and in your life in general.
Posted by Lizette Sundvick | Feb 13, 2022 |
Did you know one of the best ways to say "I love you" isn't used by more than two-thirds of Americans? It's something all of us should do, no matter our circumstances, yet most of us don't; sometimes it's just a matter of procrastination, or perhaps it's because we don't think we need to do it (a...
Posted by Lizette Sundvick | Jan 09, 2022 |
It's the beginning of a new year so naturally we are all talking about making positive changes and creating resolutions. Unfortunately, resolutions have a bad reputation for being short-lived, fizzling out immediately or soon after being made. Let's focus on making goals, not resolutions. Goals a...