Blog
How to Protect Your Family’s Legacy with Revocable Trusts
Nothing in this life is certain, and you never know what the future may bring. This is why it’s so important to have a plan in place to prepare for the unexpected. In making an estate plan, a common strategy for many people is protecting family assets using revocable trusts. However, revocable trusts can do more than protect your existing assets. They can also go a long way toward protecting...Read More 0
What You Should Know About Child Support in Nevada
If you are a single parent living in Nevada and have any questions regarding child support, keep reading. Below, you will find information that corrects some common misconceptions we see every day in our family law practice about child support in Nevada. If you have any questions that are not answered below, feel free to comment on the post and we will do our best to respond your your...Read More 3
Disadvantages of Filing for Divorce First
Going through a divorce can be a lengthy process. However, long before finalizing the end of your marriage and obtaining a divorce decree from the court, there are several important logistical and strategic decisions that you will need to make. One of these decisions to be made is deciding whether you want to be the party that initiates the lawsuit and files first for divorce. There are...Read More 0
What to Expect at a Custody Hearing in Nevada
Disagreeing with your co-parent about your child’s custody can be an extraordinarily difficult experience. Parents who must go to court naturally wonder what to expect at a custody hearing. It is a structured court process involving reviewing evidence, statements from both parents, and issuing custody and parenting time orders. This process is one you should not have to handle alone. At Mills...Read More 0
How to Protect Your Assets in a Nevada Divorce
After marrying the love of your life, you spent years building a life together. The two of you may have started a business, developed an investment portfolio, or made real estate investments. However, divorce can turn your financial world upside down when a marriage fails. It brings emotional and financial challenges. You may wonder who will get what and how you can protect yourself. One of...Read More 0
What Happens to Your Debt When You Die in Nevada?
Debt and death are both parts of life. But what happens to your debt after you die? How does debt collection after death work? Usually, when someone dies, their estate satisfies outstanding debts. If the estate does not include enough property, the debt usually cannot be collected. Sometimes, however, debt is shared. If you leave shared debt behind, your loved ones may end up with the bill. If...Read More 1
How to Avoid Paying Taxes on a Divorce Settlement
Paying taxes on a divorce settlement can feel like adding insult to injury. It seems natural to wonder how to avoid paying taxes on a divorce settlement or at least minimize how much you pay. Property transfers incident to divorce are usually not taxable, but alimony payments typically are. The attorneys at Mills & Anderson practice business and family law. Our experience with these areas...Read More 0
If I Make $1,000 a Week, How Much Child Support Do I Pay?
When you ask the court to make decisions about your child custody rights and child support obligations, your budget is likely about to change. So, it is time to start asking questions. For example, you might wonder, If I make $1,000 a week in Nevada, how much child support do I pay? You should expect to pay at least 16% of your income, but you could pay as much as 30% or more, depending on the...Read More 0
7 Things You Should Not Put in a Living Trust in Nevada
When creating a living trust in Nevada, it is just as important to understand what types of assets not to transfer into the trust as it is to know what you should. A living trust can help you protect your privacy, avoid probate, and manage your assets efficiently. However, putting the wrong assets into the trust can cause legal headaches, tax complications, or render the trust ineffective....Read More 0
Exploring the Difference: Revocable vs Irrevocable Trust in Nevada
Trusts are a powerful estate planning tool, enabling individuals to protect assets, provide for loved ones, and more. When you create a trust, you decide whether to make it a revocable vs. an irrevocable trust. One primary difference is flexibility: the trust creator can modify or cancel a revocable trust, while the creator generally cannot modify or cancel an irrevocable trust. Another...Read More 0
