Las Vegas Trusts Attorney
Everyone in Las Vegas regardless of age or health should think about estate planning, and how they are handling wills and trusts. While it is particularly important for older adults and those with serious health conditions to begin the process of estate planning, you should keep in mind that unexpected events happen, and it is essential to be prepared. One important aspect of estate planning is creating a trust (or multiple trusts) to provide for your loved ones in the event of your death. For many people in Nevada, a trust can have many more benefits than a will in terms of providing a loved one with the money they will need to thrive.
If you have questions about estate planning or the types of trusts that may be beneficial for your family, you should speak with a Las Vegas trusts attorney as soon as possible. The dedicated estate planning lawyers at Ghandi Deeter Blackham Law Offices can begin working with you today.
What is a Trust?
Under Nevada law, a trust is a legal and fiduciary arrangement through which a trustee holds assets for a beneficiary. In plain language, a trust allows a person to designate money or assets for another party (such as a child), and a third-party (the trustee) holds and manages those assets for the child or other beneficiary. There are many different reasons that a person may want to establish a trust, and there are a wide variety of types of trusts.
Generally speaking, one of the primary benefits of a trust is that the beneficiary does not need to go through the probate process, which is required for a will. In other words, if a decedent leaves money or assets to a beneficiary in a will, the will needs to be probated, and probate can be an expensive, time-consuming, and complicated process. Trusts, differently, do not need to go through probate. As such, a beneficiary can receive benefits from a trust without the added costs and complications of probate after the loss of a loved one.
Types of Trusts We Can Help You to Create
At Ghandi Deeter Blackham Law Offices, we can assist you with a wide variety if trusts, including but not limited to the following:
- Revocable and Irrevocable Trusts;
- Charitable Trusts;
- Special Needs Trusts; and
- Nevada Asset Protection.
There are different types of trusts for different needs. Some types of trusts cannot be modified once they are created, while others can. Some types of trusts are relatively broad in terms of who can be a beneficiary, while other trusts require very specific types of beneficiaries. It is important to discuss options for trusts with an experienced Las Vegas estate planning lawyer.
Contact a Nevada Trusts & Estates Attorney for Help
If you have questions about creating a trust or want to learn more about your options for incorporating a trust into your estate plans, one of the experienced Las Vegas trusts attorneys at our firm are here to assist you. Contact Ghandi Deeter Blackham Law Offices to learn more about the estate planning services we provide to clients in and around Las Vegas, Nevada.