Nevada Living Trust Attorney

When is the right time for Nevada residents to start thinking about estate planning and wills? If you think you are going to die or after you have passed away are not the correct answers. Anytime you have assets that you would like to pass on to others is the right time. This might be a good time to consult a Nevada living trust attorney.

A living trust will make sure that your heirs spend less time and money in probate court. Living trusts do not replace a will. A will is still needed for items not covered in the living trust such as guardianship of children and pets. The majority of your assets and property, however, would go into your living trust and should be protected from probate.

There are other advantages to having a living trust. Various taxes can eat away at an estate, especially one valued at over a million dollars. A living trust can help to protect your heirs from over taxation. They can also insure that your wishes are granted. Unlike a will a living trust cannot be contested. Property in other states can be put into the trust so your heirs will only have to spend time in the Nevada probate court.

It is strongly recommended that matters of avoiding probate and eliminating estate taxes should discussed with an estate lawyer.

There are a couple of ways to create a living trust. One way is to do it yourself. If you do it this way it is advisable to seek help from websites and books. One of the more helpful websites is Legal Zoom.

NOLO is also an excellent resource.

A safer way to go is to hire an attorney and have it all taken care of for you. The big advantage of doing it this way is that you know it will be done correctly. It can become very complicated dealing with both state and federal laws and any mistakes can be costly. Nevada living trust attorneys are easy to find in Reno, Las Vegas and Carson City. Legal Match can recommend attorneys in all parts of Nevada.

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