Estate Planning For The Single Parent

You might be thinking why would I need an Estate Plan if I'm a single parent, aren't they just for couples?  No, they are not just for couples.  An Estate Plan can help single parents.  Since Nevada does not use the Uniform Probate Code the procedures are not considered streamlined.  Having an Estate Plan can cover your children in a way that you want them to be covered.  It can direct the actions you want to take because it is specific to your needs and wants.

Having an Estate Plan will ensure that you, as a single parent, are looking out for your children even after you are gone.  Your assets can be given out in the way that you would want them to be and your children can be taken care of the way you desire.

It's hard to think about the future, especially when you are a single parent.  Take the time to plan ahead.  Schedule a time to come in and discuss your Estate Plan.

Happy Easter!

Tax season

Federal Tax Return

Keeping your Federal tax return after being prepared can be complicated. The rule is a minimum of three years.  However if you deal in stocks and bonds or Real Estate or Business you should keep them for basis purposes. 

If you are in a dispute with the IRS you should keep your return until the audit or dispute is over.  If you are in a dispute other than with the IRS you should keep your returns as far back as needed (possibly since inception).  If you are going through a divorce I would not shred them,as often your returns are going to be used in the divorce proceedings.