Trusts
Asset protection while providing for a child with a Nevada trust
When establishing a will, treating children differently may cause more harm than good. Often, leaving different amounts to different children can lead to damaged sibling relationships or even the will being contested. However, from a child with special needs to asset protection, there are circumstances under which it might be beneficial for a Nevada parent…
Read MoreAsset protection is just one function of trusts
Preserving property for the next generation is one goal of estate planning. For many Nevada residents, a will is not enough to make that happen. Trusts are often used for asset protection, but that is only one of their functions. Numerous types of trusts can be used in order to pass on your property to…
Read MoreTrusts are a powerful asset protection tool
Estate planning is about providing for family members after death while minimizing taxes, penalties and other threats to the value of the estate. Trusts are a powerful asset protection tool that not enough Nevada residents take advantage of because they believe they are only for the wealthy. In reality, anyone can benefit from a trust.…
Read MoreLiving trusts provide many benefits, including asset protection
As you go through your life working to accumulate wealth, one of your goals may be to preserve as much as possible for your family after you pass away. One of the most popular methods used by Nevada residents to ensure asset protection is through the use of living trusts. This is just one of…
Read MoreThe intentions in wills and trusts can be sabotaged if unaware
Nevada residents have several options when it comes to passing on their assets upon death. When an estate plan is created, most people believe that their wills and trusts will govern how their assets are distributed. Some people may be unaware that these documents will not always control what happens to a particular asset. When an…
Read MoreThe basics of revocable trusts for Nevada residents
Many Nevada residents are advised to create revocable trusts during the estate-planning process. However, many are hesitant to do so because they do not entirely understand how revocable trusts work. Further, they may not understand the benefits and risks. A revocable trust is created — and can be changed or revoked — during the life…
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