Trusts

There are many different types of trusts, each of which offers unique benefits. Those who are thinking about their legacy after they die, the protection of dependent family members and their comfort in their golden years often create and fund trusts as part of a...

When someone wants to leave money for a charitable cause after their death, careful planning is necessary. Factors ranging from late-in-life medical debts to unhappy family members could reduce what they are ultimately able to gift to the causes they care about. One...

A living trust is a legal document that allows you to transfer your property and assets to another person while you are still alive. This can be helpful if you want your loved ones to avoid probate court after you die. Having a living trust has pros and cons, and it...

If you are worried about how your heirs will manage your estate once you are gone, a revocable trust can help you address these concerns. Here is how it works. After establishing a revocable trust and appointing someone to manage it on your behalf, you can then...

If you're starting up a trust focused on your heir’s education, you're probably thinking about the cost of college. Many people use a trust like this as part of their estate planning to ensure that the money they leave behind is actually used for college tuition,...

As we have mentioned in previous blogs, funding a spendthrift trust is a good way to protect your beneficiaries from their worst instincts regarding money. But when you are adding one to your estate plan, there is something else that you may want to consider. Choosing...

Most people think of estate planning as a purely financial process. You have assets, you need to leave them to the next generation, and you need a plan so that it happens the way that you want. You may also think beyond just financial assets and consider things like...

One of the top concerns for families in Nevada is ensuring that their heirs remain provided for after they’re gone. For those with special needs children, this concern is even greater. Estate planning can empower you to achieve this goal. In turn, you can rest easy in...

A trust is an estate planning tool that makes it easier for you to pass assets down to your heirs. When you create a trust, you can place stipulations on who will receive the assets and when they will get them. One thing that you must remember, however, is that trusts...

Many individuals assume that you need to have significant wealth to fund a trust. While that may be the case with some trusts, that's unnecessary if you plan to set up a living trust. Several factors may motivate an individual to set up a revocable trust. You may want...