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Let’s face it – we’re all human and we all make mistakes. And there’s two types of mistakes. The first kind is caused by carelessness or negligence. The second type of mistake involves bad intent. When a TRUSTEE of a Family Trust acts with the intent of depriving a BENEFICIARY, or improperly enrichens his or herself with family Trust assets, Nevada law can help the victim BENEFICIARY. Most TRUSTEES who intentionally deprive one or more

Living Trusts have become popular as a mechanism for succession planning. As the American population ages, and baby boomers enter their golden years, more people seek information about Living Trusts. One of the most common questions we receive is about funding a trust. Here are some common questions and answers about funding a trust. Question: What does it mean to “fund a trust”? Answer: A living trust is an entity separate from its creator. It

There’s a common misunderstanding that an ordinary revocable living trust protects assets from creditors. The reality is that a trust must be ‘irrevocable’ to serve as effective asset protection. These types of trusts are also called ‘spendthrift trusts.’ A beneficiary, who receives the income or benefit of the property, does not readily have the power to transfer the trust property, revoke the trust, or modify the trust. The absence of control over the trust property

A dispute among beneficiaries and the trustee of a family trust is difficult because it involves blood ties and betrayal. When there’s enough at stake lawyers get involved. Some attorneys steer their clients down the garden path of litigation – which takes ages. The wheels of justice move at a snail’s pace and cases may take years to resolve. Not to mention court battles are costly, public, and unpredictable. Good modern legal advocacy involves giving

As children we’re dependent on our parents for all our needs. It seems ironic that our final days may be spent under the care of the children we once cared for. Elderly dependents are vulnerable like small children, but they often have assets. In 2011 Nevada adopted NRS 155.097 which seeks to protect dependent adults from people acquiring their property through fraud, duress or undue influence. Caregivers who expect to receive gifts through wills, trusts,