Trusts

There are multiple legal documents needed to have an efficient estate plan. In addition to having a power of attorney, will and medical directive, Nevada residents should also make sure that they include a trust, such as a revocable trust, in their estate plans.After...

Trusts are immensely useful estate planning documents. In many cases, individuals utilize this planning tool in an effort to better protect their assets or to ensure that surviving loved ones will use the assets in a specific way or at a specific age. Though trusts do...

Some parents in Nevada who are creating an estate plan might be concerned about whether their adult children will be able to handle a sudden influx of wealth. It is not uncommon to hear stories about lottery winners or other people who mismanage their money and end up...

For anyone considering estate planning in Nevada, two of the main options are wills and trusts. While there are some individuals who believe it's better to opt for a trust than a will, the fact is that either one of these estate planning methods can work well. A will...

Some people in Nevada who are creating an estate plan might be interested in creating what is known as a silent trust. This differs from most other types of trusts because in a silent trust, a trustee does not have the same obligations to keep beneficiaries informed....

Nevada residents who want to develop a successful estate plan should make sure that the plan efficiently transfers their wealth to their heirs while reducing any taxes that may be assessed. One particular legal device that can help accomplish this is an irrevocable...

Parents in Nevada and throughout the country may want to leave money to their children for educational purposes. Generally speaking, this is best done by creating a trust. Individuals can choose between a pot trust or creating a separate document for each child. With...

For some in Nevada and throughout the country, charitable giving will be an important part of an estate plan. However, it is important to know how to incorporate it in a way that makes sense. First, an individual will want to consider the type of charities that are...

A trust is a relatively common estate planning tool that individuals in Nevada and throughout the country can use. Their structure will largely determine how they are taxed and how they are controlled. It will also play a role in determining if assets in the trust are...

Nevada residents and others who are creating their estate plans may want to consider including a domestic asset protection trust, or DAPT. These trusts offer a variety of benefits such as protection from creditors as well as privacy from those who may want to know the...