Lathe Lavada October 2018

Are You Using Extra-Virgin Olive Oil Wrong? COOKING OILS DECLASSIFIED

Not all cooking oils are created equal. Some cooking oils have distinct flavors, while others are suited for high temperatures. Every oil is unique. Here are six common oils and their best uses.

PEANUT OIL Great for high-heat cooking, frying, and deep-frying, peanut oil has a neutral flavor, so you can easily use it in just about any dish that needs a cooking oil. It’s also a more heart-healthy option than canola and vegetable oils. AVOCADO OIL When you need an oil to withstand high temps, this is your oil. It has a smoke point of 510 degrees, making it perfect for grilling and stir-frying. What makes avocado oil particularly unique is it can also be used as a finishing oil, like EVOO. It’s light yet resilient.

in place of other cooking oils — just be sure you’re using plain olive oil and not EVOO.

EXTRA-

VIRGIN OLIVE OIL

COCONUT OIL Better for baking than cooking,

An often misused oil, extra-virgin olive oil (EVOO) should not be used for cooking or frying. It’s simply too delicate and cannot withstand high

the right estate plan for you takes knowledge. Here are a few factors you or your loved ones should consider when planning out a legacy. JOINT OWNERSHIP If you jointly own your home with someone else — your spouse, for example — you’ll want to see if the deed includes the “right to survivorship.” If this is the case, the property rights will seamlessly transfer over to the co-owner after your death. There’s no need for the house to go through probate. TRANSFER-ON-DEATH DEED In Nevada, you can set up what’s known as a transfer-on-death deed, which is exactly what it sounds like. You sign a deed to be transferred to a named beneficiary upon your death. Until that time comes, however, you retain full rights over your property, including the right to sell it. When you pass on, the deed will kick into effect — no need to go to court to sort out the details. CANOLA OIL/VEGETABLE OIL A good option for high-heat cooking, baking, and frying, these utilitarian oils are completely neutral in flavor, but they’re not heart-healthy. Vegetable oil is a generic mix of oils, including soybean, canola (rapeseed), and palm oils, making it the most inexpensive cooking oil. coconut oil is generally solid at room temperature. It can be used for some cooking, but like EVOO it doesn’t play well with high temperatures. Keep it at 350 degrees or below and use it as a butter substitute.

The probate process can be long, costly, and emotionally taxing for your loved ones, and having property in dispute makes things especially tense. Some estate planners will try to use probate as a boogeyman to scare you into signing up for costly wealth transfer strategies you don’t need. Finding DON’T LET PROBATE SPOOK YOU HAVE A PLAN FOR YOUR LEGACY temperatures, which can damage the flavor, ruining dishes. Instead, use it as a finishing oil — drizzle it over pasta, salad, or bread. OLIVE OIL Unlike EVOO, standard olive oil can be used for cooking and frying. It can withstand temps up to about 460 degrees. In many cases, you can use it

LIVING TRUSTS Trusts are somewhat like wills, but they allow greater control over the allocation of your assets and can help when estate taxes are a concern. These estate planning vehicles can be costly to set up, however, and they have higher yields for those in higher income brackets. Still, placing real estate in a trust is a great way to ensure your property does not get sucked into probate. TALK TO A LAWYER YOU TRUST Ultimately, the best way to understand the estate planning avenues you have available to you is by talking to an experienced Las Vegas-area estate planner. Depending on your financial and family situation, a wide variety of options may be available to you. As homebuyers, our team knows the probate process inside and out and can recommend some great estate planners who will work with you to find the plan that works best for you! Give us a call at 702-476-2000.

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