Cassady Law Offices, P.C. - Las Vegas Estate Planning Attorney
Call for a free consultation
702-706-1083

Weighing the possible benefits of a spendthrift trust

There are a variety of available tools in estate planning, each of which may offer its own set of possible benefits. Individuals in Nevada who are in search of an option that can help them continue to provide for their kids without allowing them to inherit all of their wealth all at once could choose to implement a trust. A spendthrift trust is an example of an option that could help parents achieve such a goal.

spendthrift trust is a type of irrevocable living trust that can come with a variety of possible advantages. This type of trust may continue to provide distributions to heirs even after the grantor passes on. The assets within are distributed over time instead of all at once, which could prove helpful in various scenarios.

Such a trust could be an appealing option to those who wish to protect their heirs from creditors or, in some cases, from themselves. Parents who worry their children might not be prepared to handle a sudden influx of assets may find this aspect of a spendthrift trust beneficial. A person could also choose someone to act as trustee and oversee the trust and one may also grant this person the ability to make certain decisions, such as those pertaining to the timing of distributions.

A spendthrift trust is one of many options a person may consider when making decisions about the future. With a variety of options to consider, a person in Nevada could benefit from consulting with an attorney early on for advice in making informed decisions about the situation. This type of guidance could help place a person in a better position to create a plan centered on protecting the needs and futures of his or her loved ones.

No Comments

Leave a comment
Comment Information
Email Our Team

More Questions? We Have Answers.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Las Vegas Office
10799 West Twain Avenue
Las Vegas, NV 89135

Toll Free: 800-557-6423
Phone: 702-706-1083
Fax: 702-650-5561
Las Vegas Law Office Map

Henderson Office
2425 W. Horizon Ridge Pkwy.
Henderson, NV 89052

Toll Free: 800-557-6423
Phone: 702-706-1083
Map & Directions