Posts Tagged ‘Trustee’
The 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…
Read MoreRevocable 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 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 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,…
Read MoreAsset Protection Through Trusts Is Not Only For The Wealthy
If residents of Nevada want to provide for their families once they are no longer there, they may wish to consider establishing a trust. This is a powerful way of asset protection and safeguarding an estate from unnecessary taxes and penalties. Trusts are not only for those with sizeable estates, and they can be established…
Read More
