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Category: trust

How Does a Trust Work in Nevada?

Posted in trust on September 11, 2023

Nevada’s laws surrounding trusts are innovative and more cutting-edge than most states. Trusts in Nevada come with a myriad of estate planning benefits, and they meet the needs of many Nevadans. Below is an introspective look at the inner workings and resulting advantages of a Nevada trust. What Is a Nevada Trust? A trust is… (Keep reading)

What Is the Irrevocable Trust Law in Nevada?

Posted in trust on September 8, 2023

Many individuals who embark on the task of estate planning in Nevada pose the question, “What is the irrevocable trust law?” To understand how Nevada’s laws apply to an irrevocable trust, you should first understand what a Nevada revocable trust is. A revocable trust is a trust that can be revoked or recalled by the… (Keep reading)

How a Trust Can Help Your Estate Plan

Posted in estate planning,trust on April 11, 2023

Estate planning is the organization and management of your lifetime assets. It involves deciding how your wealth and property will be distributed to your beneficiaries. One legal tool that has gained popularity in recent years for its flexibility and utility in estate planning is establishing a trust. Trusts offer several benefits that can help you… (Keep reading)

Why You Should Update Your Revocable Trust

Posted in trust on March 10, 2023

What has happened in your life since you signed your revocable trust?  Many of us have changing circumstances that cause our estate planning needs to change.  Since a living revocable trust is a written legal document that places assets into the trust for a life-long benefit, it makes sense that when a life event changes,… (Keep reading)

Is Putting Your House in a Trust a Good Idea?

Posted in asset protection,trust on January 15, 2023

Estate planning can be a complicated process, especially when you are unsure of the best way to protect and distribute your different assets. When you are planning for your home’s future, many people consider putting important property, like their family home, into a trust. Putting your home in a trust comes with a variety of… (Keep reading)

What Are the Disadvantages of a Trust?

Posted in asset protection,trust on December 22, 2022

Estate planning can be a complicated process. A trust can be a way to have your wishes carried out in a structured way, and beneficiaries can begin receiving the benefits of the trust while you are still alive. Trusts, which are frequently used by those with substantial assets, can help families with difficult dynamics avoid… (Keep reading)

Who Needs a Trust Instead of a Will?

Posted in asset protection,probate,trust on December 14, 2022

Estate planning can be a difficult and complicated process. As you plan for the assets you have and what your wishes are, you want to make the best decisions to ensure that those wishes are carried out. You may also want to take steps to make the process easier for those who have been entrusted… (Keep reading)

Who Owns the Property in a Trust?

Posted in asset protection,trust,trust funds on September 15, 2022

Planning for your family’s future is important, regardless of your assets. Establishing a trust can be a great way to protect assets and ensure your family is taken care of, but it can also be a confusing process. There are many options when it comes to establishing a trust, such as a family trust or… (Keep reading)