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Is a GST Trust Revocable or Irrevocable?

gst trust revocable or irrevocable

Estate planning is making a plan for your assets after you die. It can be a confusing time because there are so many options, laws, and regulations. One choice that is offered in Nevada is the trust. A trust is a fiduciary arrangement that names a trustee to hold and manage your assets on behalf of your beneficiaries. In Nevada, it is possible to design a trust that can help protect future generations in your family and make sure that they are taken care of financially. ...

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Common Las Vegas Living Trust Questions

living trust questions

If you are currently going through the estate planning process in Nevada, you have probably heard the term “living will”. You have probably also heard several other terms like revocable, irrevocable, will, trustee, and beneficiary. Your friends and family may have even given you unsolicited advice about how they handled their estate. The estate planning process can be complicated and confusing. For this reason, we have compiled a list of common Las Vegas living trust questions below. ...

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What if someone died and there is an account with no beneficiary on it?

last will and testament

If a loved one has passed away, their estate will need to be managed. Generally, this is done through the courts in a legal process called probate. This process is influenced by whether the person had a will and who they listed as their beneficiaries. A beneficiary is a person that is entitled to some or all of the deceased assets. ...

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Tips On How To Care For Elderly Parents From A Long Distance

When you are young, your parents took care of you. They fed you every day and treated you with love while you lived under their roof. Now that you are an adult, you venture out into the world and start caring for yourself. You establish your own home and have your own family. However, in the back of your mind, you don’t forget about your elderly parents, who you want to care for. How would you care for them from a long distance? Here are some of the tips to get started. ...

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Nevada is Best State for Asset Protection Trusts

Nevada historically has been considered a favorable jurisdiction for forming and maintaining a trust. As one of the first states to pass legislation permitting the self-settled spendthrift trust, or domestic asset protection trust (“DAPT”) as it is sometimes identified, Nevada offers cutting edge laws in the areas of trust formation and administration. ...

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