Trusts

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...

Nevada residents who have an existing estate plan might feel that their work is done, but reviewing the documents periodically is advisable. For example, due to changes in tax and trust laws, anyone who created a trust a few years ago should take another look at...

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...

Wealthy Nevadans who want to ensure future generations of their families benefit from their money may want to consider establishing dynasty trusts. These trusts can help money used to fund them to grow indefinitely, allowing multiple generations to benefit from it.A...

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...

We all know at least one; the control freak, every minute of every day planned morning to midnight. And not just his own, but, if he had it his way, everyone he comes into contact with. You’d think he’ll even want to control things from beyond the grave.If...

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...