Posts Tagged ‘Irrevocable Trust’
What 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 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…
Read MoreWhich type of trust is the best option for asset protection
Protection of one’s assets is a concern of many residents of Nevada; however, deciding on the most effective way to do that may cause confusion. Individuals who are considering asset protection may want to make use of the advice of financial advisors before deciding whether a will and durable power of attorney will be sufficient,…
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