Trusts

Many Nevada residents want to do something to continue to benefit a cause or charity they hold dear, even after they pass away. A charitable remainder trust, or CRT, can be an important part of an estate plan that continues to provide income throughout the donor's...

Many people in Nevada establish trusts for a number of different purposes. When people die and leave trusts behind, they must be administered according to the provisions they contain. People who are tasked with administering a trust have a fiduciary duty to the trust...

While many Nevadans consider their pets to be members of their families, the government doesn't consider them to be any different than other types of property such as cars. When people are planning their estates, they should not overlook their pets. If they pass away...

People in Nevada interested in preserving wealth and sharing it with heirs or charities often select trusts as their legal instruments. Trusts represent legal documents that direct the investment and distribution of assets. Under the right circumstances, they...

Nevada residents who want to make changes to a trust might wonder whether they should amend it or write an entirely new one. The first step is to make sure that it is possible to amend the trust. Most living trusts can be amended or revoked. Most amendments are not...

Some Nevada parents who are planning their estate might want to consider creating a trust to pass assets on even to their adult children. While it is not uncommon for people to create trusts for minor children, there are a number of reasons to do so for adults as...

When it comes to revocable living trusts, it's important that Nevada estate holders use these legal devices to their full advantage. Otherwise, they will incur a waste of legal fees and heirs will not be able to fully benefit from the trusts. With a standard living...

Nevada residents who have already established one trust may want to create a second one. Unlike with wills, which usually include provisions that stipulate that the most recent will revokes all earlier ones, the creation of a new trust does not cancel out prior...

There are multiple factors Nevada residents should consider when trying to determine if they need a trust. Despite popular belief, trusts are not intended only for the wealthy, and individuals with any amount of assets may find that establishing a trust can be...

Nevada residents who are concerned about their privacy or want to minimize taxes may want to place assets into a trust. A trust can be controlled either by the person who creates it or on behalf of that person through a trustee. Trusts are generally considered to be...