Category: trust

Does a Trust Avoid Probate in Nevada?

Posted in estate planning,probate,trust on August 23, 2024

Probate courts can create a time-consuming ordeal for your loved ones. This is one reason why many people turn to Las Vegas estate planning lawyers who can take steps to reduce the time an estate spends going through probate. One question attorneys frequently field is, “Does a trust avoid probate in Nevada?” A trust provides… (Keep reading)

Does Nevada Have State Income Tax on Trusts?

Posted in taxes,trust on August 22, 2024

If you are planning on setting up a trust in Nevada, you may be wondering, “Does Nevada have state income tax on trusts?” Some states tax income from trusts, which can mean there are fewer funds available for the beneficiary of the trust. By working with a trusted Las Vegas trust lawyer, you can set… (Keep reading)

What Is the Downside of a Living Trust in Nevada?

Posted in estate planning,trust on July 10, 2024

If you are looking to make an estate plan that you feel respects your goals and wishes, you may have wondered, “What is the downside of a living trust in Nevada?”. Answering that question begins with understanding living trusts and applying that knowledge to your situation. An experienced living trust attorney can help you explore… (Keep reading)

How Does a Living Trust Work in Nevada?

Posted in estate planning,trust on July 9, 2024

If you are in the planning stage of your financial future and are asking, “How does a living trust work in Nevada?” the law firm of Ken R. Ashworth & Associates is here to help you unpack this question. Living trusts in Nevada are a powerful tool for managing your assets and health care details…. (Keep reading)

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)