Trusts
Revocable trusts offer numerous benefits to Nevada residents
The truth is that not everyone needs a trust in order to have an effective estate plan. However, when Nevada residents are advised that their family dynamics would best be served by revocable trusts, they should seriously consider creating one. Trusts offer numerous benefits, the least of which is to avoid a long and costly…
Read MoreAsset protection ensured through careful estate planning
Those in Nevada who wish to ensure that their wishes are carried out at the time of death will want to consider planning for their estate. Asset protection, naming of beneficiaries and creation of various types of trusts are typical matters included in the basic planning of an estate. In circumstances where an estate plan…
Read MoreAdministering wills and trusts after the death of a loved one
When a Nevada family loses a loved one, his or her estate will need to be probated. Estate planning documents such as wills and trusts provide family members with instructions as to how to distribute an individual’s property. If the documents were kept up-to-date and do not contradict one another, an executor’s job could be…
Read MoreWhat are the differences between revocable, irrevocable trusts
Nevada residents may not be aware that there are a number of different trusts that may be used to achieve estate planning goals. The provisions of a trust can be customized to an individual’s desires regarding when distributions will be made to beneficiaries and under what circumstances. All trusts are defined as either revocable or…
Read MoreTrusts useful for asset protection for minors in Nevada
When people decide to make plans to allocate assets at the ends of their lives, they may want to ensure that their money goes to a specific person. If the recipient is a minor, it may be necessary to take extra precaution to ensure full asset protection. Here in Nevada, one way is to create a…
Read MoreThe role of trusts in asset protection in Nevada
When a person begins to consider the end of his or her life, he or she may question how assets will be allocated and protected during the process of probate. If a person has not made specific directives, some of their assets and property may be received by an undesirable party. One of the ways…
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