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What Are the Objectives of Asset Protection in Nevada

What Are the Objectives of Asset Protection in Nevada?

By John Park Law |

Many individuals seek asset protection in Nevada for good reason. Nevada is a prime location for estate planning because of its tax-friendly laws. Protecting your assets in Nevada is a wise decision and can help you safeguard your wealth for future generations. But why should you protect your assets, and what is the purpose… Read More »

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Issues With Asset Protection When Drafting a Nevada Estate Plan

Issues With Asset Protection When Drafting a Nevada Estate Plan

By John Park Law |

Estate planning is a necessary step when preparing for your future. It ensures your wealth is protected, your assets are distributed according to your wishes, and your loved ones are safeguarded in the event of your passing. Among the various states in the United States, Nevada has gained a solid reputation for being one… Read More »

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Will 2023 or 2024 Be a Good Time to Buy a House

Will 2023 or 2024 Be a Good Time to Buy a House?

By John Park Law |

Home prices and mortgage rates have soared to historic highs in recent years. This has made the housing inventory scarce. As a result, both potential sellers and aspiring buyers are understandably apprehensive about the present state of the housing market. Should you buy a house in 2023 or wait until 2024? The answer isn’t… Read More »

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How California’s New Medi-Cal Changes Might Affect Your Estate Plan

How California’s New Medi-Cal Changes Might Affect Your Estate Plan

By John Park Law |

Medi-Cal is California’s version of the federal Medicaid program. It provides essential healthcare coverage to low-income individuals and families. Administered by the California Department of Health Care Services (DHCS), Medi-Cal assists vulnerable populations, including low-income families, pregnant women, children, individuals with disabilities, and the elderly. Eligibility for the program is based on various factors,… Read More »

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Nevada Division of Assets to Qualify for Medicaid for a Married Couple

Nevada Division of Assets to Qualify for Medicaid for a Married Couple

By John Park Law |

Medicaid administers many services, both entitlement, and non-entitlement services. Both federal and state money fund Medicaid with a wide range of programs and services. Determining Medicaid eligibility for Nevada residents over the age of 65 for long-term care is one of those services. Along with assisted living and nursing home assistance, Nevada Medicaid also… Read More »

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California Heggstad Petition

California Heggstad Petition

By John Park Law |

The Heggstad Petition is a legal process that helps simplify things when someone passes away and leaves behind a trust in California. It allows the court to recognize assets that were supposed to be in the trust but were mistakenly left out. The petition is named after a court case that set the rules… Read More »

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The Complete Beginner's Guide to Estate Planning

The Complete Beginner’s Guide to Estate Planning

By John Park Law |

Estate planning in Nevada is not just for the wealthy or elderly. It is a critical process that every resident in Nevada should consider to protect their assets, ensure the smooth transfer of wealth, and provide for their loved ones in the future. By creating a comprehensive estate plan, you can have peace of… Read More »

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5 Basics for Business Owners

5 Basics for Business Owners

By John Park Law |

Starting a business is an exciting time full of possibilities, but it can also be stressful and overwhelming. One of the most important things you can do to set your business up for success is to understand the basics and know when to seek professional help. Retaining an experienced business lawyer is the easiest… Read More »

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5 Steps to Spring Clean Your Estate Planning

5 Steps to Spring Clean Your Estate Planning

By John Park Law |

Spring is a time of renewal and fresh starts, making it the perfect season to review and update your estate plan. Your estate plan is a vital tool that ensures your assets are distributed according to your wishes after you pass away. However, as life changes, it is essential to keep it up-to-date. Whether… Read More »

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If a Married Couple Owns Everything Jointly, Do They Need a Will

If a Married Couple Owns Everything Jointly, Do They Need a Will

By John Park Law |

Even if you jointly own property and assets, you and your spouse would benefit greatly from drafting a will. A Will can ensure that your rights are protected, no matter which one of you passes away first. Surviving spouses have enough to deal with after losing a loved one, and drafting a new Will… Read More »

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