Month: May 2016

Living trusts are not always ideal

Some Nevada residents might worry that probate will cause the value of their estate to be reduced after their death. Living trusts are often promoted as the best solution for avoiding probate activity, allowing one's heirs to directly receive prescribed assets without...

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The value of trusts in Nevada

When parents believe that their children will not use their inheritance in a proper manner, it may be appropriate to set up a trust. The trust can contain language that restricts how or when money or other assets inside of it can be distributed. It may be administered...

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Beneficiary designations

Nevada residents who have assets such as insurance policies and retirement accounts likely filled out a beneficiary designation form when those assets were acquired. In many cases it will be the spouse who will be named, but other individuals can be beneficiaries as...

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