Las Vegas Living Trusts Lawyers

Are you concerned about the details of your health care and estate as you get older? Would you prefer to provide instructions for your health care and distribution of assets yourself? Would you like to help your family avoid the lengthy probate process and estate taxes?

At the Las Vegas business and estate planning law firm of Ken R. Ashworth & Associates, we will bring our more than 14 years of experience, integrity and credibility to the table in assisting you to achieve your estate planning goals.

Contact our Las Vegas living trusts attorneys online at your earliest convenience to schedule a free initial consultation or call us at (702) 893-9500. We will put our skills and experience to work for you.

Boulder City Revocable Trusts Attorney

A living trust is created by you while you are still alive. It provides instruction for your care to your family and friends in the event you should become incapacitated. It also includes direction on the administration of your estate upon your death, allowing your family to avoid probate court and the associated delay. Under Nevada law, if your estate has assets valued at more than $20,000 that is not in trust, the distribution of these assets must be done through probate court.

In order to achieve these objectives, you must transfer assets to the trust while you are still alive, or arrange that the trust be the beneficiary of your estate's assets, which may include pensions and life insurance. Transfer of assets to a living trust has no income tax consequences while you are living.

Living trusts exist in either revocable or irrevocable form. A revocable trust can be amended or revoked at any time in writing. An irrevocable trust, as its name implies, cannot be amended or revoked once created. Our estate planning attorneys can assist you in determining which is most appropriate for your unique circumstances.

You also have the option of creating a special needs trust for yourself or a loved one, to provide for the costs of health care in the event of incapacitating illness.

Nevada Irrevocable Trusts Lawyers

Are you interested in creating a living will to avoid probate (and the associated taxes)? Contact our Boulder City revocable trusts lawyer online, or call us at (702) 893-9500 at Ken R. Ashworth & Associates today for a free consultation.