Trusts

Nevada residents may worry about the future costs of education for their children or grandchildren, and some may choose to use instruments such as 529 savings plans to ensure that funds are set aside to address these needs. However, others might consider developing...

For many Nevada individuals, a trust may be an integral part of their estate plan. Besides lowering estate taxes,a trust provides a greater ability for the grantor to decide how his or her assets will be used or distributed after his or her death. Depending on the...

The 2016 federal estate tax exemption is $5.45 million for single people and $10.9 million for married couples. However, this could change, and Nevada residents might want to consider whether a qualified personal residence trust is a good idea for estate planning...

A Nevada resident who wants to protect their children's inheritance may want to consider setting up an irrevocable trust. This financial tool holds and distributes assets for the beneficiary in the manner that is specified by the grantor. A person or organization will...

It's not uncommon for a beneficiary to have questions or concerns about trust payments. Beneficiaries in Nevada should understand the trustee's obligations and be aware of what their rights are regarding the proper administration of the trust. The way in which a trust...

Nevada residents who are preparing an estate plan may want to create a revocable trust to avoid probate or to ensure some additional control over how their assets are distributed. A trust is administered by a trustee. However, even people who have appointed a trustee...

Estate planning can be a daunting task for Nevada residents. There are frequently many things to consider, including who should be a beneficiary, powers of attorney, life insurance and how to distribute assets among family and loved ones.One issue that is often...

Nevada residents who are planning to retire should be aware of the benefits of establishing a living trust. A revocable living trust makes it possible to designate assets that will be directly passed on to beneficiaries and avoid the cumbersome probate process. Assets...

Parents of a special needs child in Nevada will have numerous issues to take into account when planning for the care of the child after they die or become incapacitated. Should they decide upon the creation of a special needs trust, the assignment of a trustee and...

Even Nevada residents who follow prudent financial plans may be unprepared for unexpected developments like lawsuits or medical problems. A small error in judgement behind the wheel could lead to a six figure civil judgement, and doctor and hospital bills can quickly...