September 9, 2019
Don’t Burden Your Family & the Probate Court with Your Family Estate
According to a Caring.com 2017 survey 62% of people ages 35 to 44 don’t have a WILL or LIVING TRUST. Nor do 60 percent of people ages 45 to 54. It’s a surprising finding when you consider your loved-one’s financial futures and lifestyle may depend on good estate planning. A LIVING TRUST can help ensure that your WIFE and CHILDREN can remain in the family home and that your gifts will pass seamlessly to your
August 23, 2019
What Does a Good Estate Plan Look Like? | Part 7 of a 10 Part Series | Final Instructions to My Survivors
A good estate plan involves more than deciding how and to whom property will be transferred. Unless they know your final wishes your grief-stricken family and friends can be faced with stressful decisions. These are things that will happen to your remains after your death, as in burial or cremation, funeral and/or reception, or for some a quite departure without much fanfare. When you pass away make life easier for your grief-stricken family and friends.
August 15, 2019
The Family Trust & Family Betrayal
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
July 24, 2019
What Does a Good Estate Plan Look Like? | Part 6 of a 10 Part Series | Funding Your Living Trust
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
