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Federal Gift and Estate Tax

By Robert L. Bolick, LTD |

  A Basic Understanding of the Federal Gift and Estate Tax When clients receive an inheritance, perhaps from the probate of a deceased family member or a distribution from a trust administration, or they want to give property to their kids or other loved ones during their lifetime, they often ask about the gift… Read More »

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An older man in a suit stands, arms crossed, looking thoughtfully out large windows at a city skyline—reflecting on legacy.

Estate Planning for Nevada Business Owners: Protecting Your Legacy

By Robert L. Bolick, LTD |

With no personal or corporate income tax, Nevada is not only one of the premier states for business owners but is also one of the best states for asset protection and estate planning. For business owners in Nevada, a comprehensive estate plan is more than just a legal formality – it is a strategic… Read More »

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A woman in business attire reviews Financial Crimes Enforcement Network documents at her desk, with office items and plants nearby.

Demystifying the BOI Report

By Robert L. Bolick, LTD |

A Simple Guide to FinCEN’s New Beneficial Ownership Rule In a significant move to combat terrorism and financial crimes, the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury implemented a new rule in January 2024 requiring certain companies to report their beneficial ownership information. This rule, born from the Corporate… Read More »

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A document titled Non-Compete Agreement on a desk with black eyeglasses, a blue pen, and part of a calculator nearby.

The FTC Takes a Bite Out of Non-Compete Agreements – By Clayton R. Leonard, Esq.

By Robert L. Bolick, LTD |

On April 23, 2024, the Federal Trade Commission (“FTC”) dealt a significant blow to non-compete agreements in the United States. The commission voted 3-2 to enact a final rule that broadly bans these clauses in employment contracts. While its future remains uncertain with many likely legal challenges arising, this move is expected to have… Read More »

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A man and child paint a cardboard house together on the floor, reflecting teamwork like planning a Nevada Living Trust.

Nevada Living Trust 101 – by Clayton R. Leonard, Esq.

By Robert L. Bolick, LTD |

In the world of estate planning, a Nevada Living Trust, also known as a Revocable Living Trust, stands out as a powerful tool for managing your assets and ensuring a smooth transition upon your death. A revocable living trust offers a unique blend of control and convenience making it a popular choice for Nevada… Read More »

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Clayton R. Leonard, Esq., with short light hair, wears a dark suit, white shirt, red tie, and smiles before a gray background.

Nevada Lawyer Magazine – Updating Out-of-State Estate Plans in Nevada – by Clayton R. Leonard, Esq.

By Robert L. Bolick, LTD |

Benefits of updating an out-of-state Estate Plan and A Preliminary Understanding of Nevada Jurisdiction of Trusts and Wills.

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The Coronavirus Makes a Living Trust an Even More Important Document

By Robert L. Bolick, LTD |

A living trust is a revocable instrument, executed during your lifetime, that could help you considerably in the event that you come down with the Coronavirus or any other illness. It is a way for you to give control of your assets to someone you trust explicitly while you are sick or otherwise unable… Read More »

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