Trusts

Nevada residents who are making an estate plan may be interested in creating a charitable trust. A charitable trust has a number of differences from other types of trusts. The first is that the charitable trust does not necessarily have to identify a beneficiary. It...

Nevada couples may enjoy some benefits for their estates because they live in a community property state. One of these benefits is that all of the property that is acquired during the marriage jointly is considered to be the community property and thus owned by each...

Nevada residents who are responsible for administering trusts may find it to be confusing. It may be very complex, and designated trustees may find it to be overwhelming. If you are a trustee, your responsibilities include managing and distributing the assets held in...

Estate planning is a useful tool for every individual who wishes to retain control over what happens to his or her estate in the future. While you may not be wealthy or own significantly valuable assets, what you have is worth protecting. Taking a few simple steps can...

Some people in Nevada who are creating an estate plan might want to use a revocable trust. Passing assets to beneficiaries using a revocable trust may be more private, less expensive and easier than using a will because a trust does not have to go through the public...

A trust may be an effective tool for Nevada residents to manage their assets well into the future. However, a trust can end for a variety of reasons. First, the trust may end because the assets inside of it have been used up. This may happen if money has been paid out...

A recent study by the Centers for Disease Control and Prevention reported that about one in five adults has some type of incapacitating disability. Some may have profound impediments and others less severe. Many of those 53 million people with disabilities receive...

Nevada residents who are creating an estate plan and who have heirs that they feel are irresponsible might worry about leaving them money or other assets that they will waste. An incentive trust may be one way to address these concerns. An incentive trust is a trust...

Many Nevada residents believe that drafting a will is the best way to ensure that their estate will be distributed according to their instructions after they die, but placing assets in a living trust offers a number of advantages not provided by a traditional will....

People in Nevada who are making an estate plan may think that a trust is not useful for them if they are not looking for a way to lower their estate tax burden, but trusts can offer a variety of advantages. For example, if a person has a difficult relationship with a...