Month: January 2016

Uses of a living revocable trust

People in Nevada may find that a living revocable trust meets many of their estate planning needs. However, a living revocable trust does not eliminate the need for a will. A will can help protect assets from creditors and appoint guardians for minor children....

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Anonymity and lottery winnings

While most forms of gambling are legal in Nevada, lotteries are not, which is why so many residents of the state often travel to neighboring towns in California or Arizona to buy tickets when Powerball jackpots reach stratospheric levels. While the idea of winning...

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Nevada’s favorable trust laws

Nevada is one of the states viewed as having extremely favorable laws regarding trusts. The state allows a single individual to create a trust, be the trust's beneficiary and place the assets of the trust outside their estate, which could be a particularly attractive...

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Managing an inheritance

Some people in Nevada who inherit money may be surprised to learn that the inheritance does not automatically make their lives easier. In fact, in some cases, people who are unprepared might make unwise decisions about an inheritance, but there are some strategies...

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