Frequently Asked Questions
1. Do I need an estate plan if I don’t have many assets?
Yes. Estate planning is not only for people with large estates. Even with modest assets, having a plan ensures that your wishes are respected and that your family does not face costly legal processes, like probate.
2. What documents are part of an estate plan?
An estate plan may include:
- A Will
- A Trust
- Powers of Attorney (financial and medical)
- Assignment of Personal Property
The exact combination will depend on your personal needs and goals.
3. What happens if I die without a will in Nevada?
If you pass away without a will (“intestate”), Nevada statutes determine how your assets are distributed. This may not reflect your wishes and could lead to family disputes.
4. How can I avoid the probate process?
A common way is by creating a Living Trust. This allows your assets to be transferred directly to your beneficiaries without court involvement.
5. How long does the probate process take in Nevada?
It depends on the size and complexity of the estate. Small estates can take a few months, while larger more complex estates may take over a year. Having legal guidance can make the process less stressful.
6. Can you help me start a business in Las Vegas?
Yes. Morales Law Firm provides guidance in forming legal entities such as LLCs, corporations, and partnerships, as well as preparing contracts and internal documents necessary to protect your business.
7. What is the difference between a will and a trust?
Will: Takes effect after death and may require probate.
Trust: Can take effect during your lifetime and after death, and generally avoids the probate process.
8. Do you offer services in Spanish?
Yes. Morales Law Firm offers legal services in both English and Spanish to better serve the community in Las Vegas and ensure that every client feels understood and supported.
9. What is the cost of an initial consultation?
The attorney offers a FREE initial consultation to assess your situation and needs. The cost may vary depending on the type of service required. You can contact Morales Law Firm for details and to schedule your appointment.