Trusts

Nevada residents may have negative connotations associated with "trust fund children," but the trust is a useful tool that many might want to consider during the estate planning process. The amount of wealth and assets one has is part of why a trust may be merited....

Nevada is one of the states viewed as having extremely favorable laws regarding trusts. The state allows a single individual to create a trust, be the trust's beneficiary and place the assets of the trust outside their estate, which could be a particularly attractive...

People in Nevada who are preparing their estate plans may wish to preserve wealth in their families for many years to come. However, what often happens to family wealth in reality is that it often dissipates over just a couple of generations. That which is passed down...

Many Nevada residents choose to use trusts because they provide more privacy and can avoid probate, but they may also be more complex than a straightforward last will and testament. Selecting the individuals who will be entrusted to act as trustees are very important...

Nevada residents should avoid the errors made by the late actor James Gandolfini when it comes to estate planning. When Gandolfini died unexpectedly in 2013, his $70 million estate was vulnerable to estate tax. An irrevocable charitable trust is one way of protecting...

Many Las Vegas residents set up trusts as part of their estate planning strategy. Trusts can help to reduce estate taxes, protect assets from creditors and provide beneficiaries with regular income disbursements over a long period of time. While trusts are very useful...

Many Nevada residents prefer using a trust instead of a will as their primary estate planning document. There are several reasons why people use a revocable trust when planning on how to dispose the assets of their estate after they die. However, it's important for...

When you create a trust in Nevada, it is crucial you pick a trusted individual to carry it out in the event of your death or incapacitation. This person is called the trustee. Often, you will pick a family member, such as a spouse or child, as the trustee. But there...

Nevada residents have many different types of estate planning tools at their disposal. One of these is a spendthrift trust. Essentially, this type of trust is ideal for those who have a beneficiary who cannot control their spending habits.Under Nevada law, a...

You may already know about the advantages of a trust when it comes to avoiding probate, minimizing estate taxes and more. But if you are a new trustee, or are working with one, you may discover that there are many things that you did not know: such as, how do you...