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Did the SECURE Act Change My Estate Plan?
For more than 30 years, those with significant IRAs or other qualified retirement plans used trusts to create what is commonly known as a “Stretch IRA”. Doing so allowed the…
I’m Trustee of a Special Needs Trust – What Can I Pay For?
So you are the trustee of a special needs trust, also referred to as a supplemental needs trust (SNT), and you are wondering what in the world you can pay…
No Contest Clauses in Nevada
Is a No-Contest Clause Enforced in Nevada? When drafting a will or trust, I’m often asked about no-contest provisions. Clients want to make sure that their will and trust have…
Can You Pierce the LLC Veil in Reverse?
When a judgment is obtained against someone who owns an interest in a limited liability company (LLC), often the only recourse is to have the court issue a charging order. …
Who Needs a Living Trust?
The question is often asked, “Do I need a living trust?” Some estate planning attorneys tell everyone that they need a trust. But, whether a revocable living trust is needed…
Is a Trust Required to Avoid Probate?
While a revocable living trust is a common estate planning tool for avoiding probate, using a trust is not the only way to avoid probate. To be clear, we prepare many,…
Real Estate Transfers to Trusts
Transferring Mortgaged Real Estate to Your Living Trust If you own a home and are setting up a revocable living trust, you will want to transfer your home to the…
3 Reasons Assets Don’t Avoid Probate
The Family Trust: Top 3 Reasons Probate Wasn’t Avoided While it is true that a properly funded and properly drafted revocable living trust will avoid the probate process, there are…
What If I Die Without a Will?
It is often reported that the majority of Americans do not have a Last Will and Testament, and I expect those in Nevada are no better. That leaves many with…
Testamentary Trust vs Living Trust
Many people have questions about testamentary trusts and are not sure what they are or how they are different from the more common living trust. This post will explain what…