Trusts
Wills vs. trusts: Which Nevada estate planning method is best?
For the average person, estate planning is probably fairly confusing upfront. With so many options to choose from, it can be hard to determine what choices are best. From revocable and irrevocable trusts to asset protection to wills and heirs, the advice of an experienced Nevada estate planning attorney can prove invaluable. For many, one…
Read MoreNevada revocable trusts useful in cases of unequal inheritances
Often, Nevada parents divide their assets equally amongst their children after death. This approach, however, may not fit all families or all situations. For any of a variety of reasons, parents may wish to leave their children inheritances that they may consider fair but unequal, and in these cases, revocable trusts can be useful. Take,…
Read MoreRevocable trusts are a valuable estate planning tool in Nevada
Terms like “estate planning” and “trusts” may sound like issues only the extremely wealthy need to consider. In reality, however, this line of thinking couldn’t be further from the truth. For Nevada residents hoping to pass along assets to family and loved ones after death, revocable trusts may provide just the approach they are looking…
Read MoreTrusts may offer asset protection in case of Nevada divorce
When it comes to estate planning in Nevada, those who have prepared a will may also wish to consider a trust, but not for the tax reasons that many may think. Instead, an increasing number of individuals are building trusts into their wills for the purpose of asset protection, not for themselves, but rather for…
Read MoreNevada revocable trusts need proper funding for full benefits
For residents of Nevada, trusts can be a valuable part of estate planning. Revocable trusts can offer substantial benefits, from probate avoidance to asset management in the event of incapacitation. However, it’s important to note that these benefits won’t exist if the trust isn’t properly funded. Undesirable tax consequences may arise when moving a qualified…
Read MoreRevocable trusts offer more benefits than Nevadans might realize
Many people in Nevada think that their estate planning is complete once they have completed a last will and testament. However, an alternative they may not have considered involves revocable trusts. This option acts similarly to a will, but may in fact prove to be better suited to many people’s needs. One of the biggest…
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