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 newly created trust. If there is a mortgage on the…
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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 several reasons why probate isn’t always avoided. Here are some…
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 the question: What if I die without a Will? And…
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 a testamentary trust is, how it differs from the living…
Can An Irrevocable Trust Be Changed?
Irrevocable trusts are a common estate planning tools. They play an important role in protecting assets, reducing taxes, and preserving legacies from one generation to the next. Irrevocable trusts come into existence in a number of ways. A trustor who…