Law Vegas Revocable Living Trust Lawyers
When you set up a revocable living trust as part of your estate plan, your wishes will be honored and your family can avoid probate. At the Las Vegas Law Firm of Jeffrey Burr, we will help you develop an estate plan that will provide for administration of your gifts through a revocable living trust. When the time comes, we will be ready to help your family through the trust administration process.
Practical Solutions for Estate Planning, Probate & Trust Administration
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A revocable living trust is an especially important option in Nevada, because of Nevada’s complex probate process. If you want to help your family avoid the complex and time-consuming probate process and related fees, you should design a plan that puts your assets in a trust. When titles are transferred in a trust, the designated successor trustee will have full authority to distribute assets as directed even at death, thereby avoiding probate.
When you take the time to set up a revocable living trust, you will retain control of your assets until your death or incapacity. If you reach a point where you are no longer able to take care of yourself, your successor trustee can step in on your behalf, often eliminating the need for guardianship proceedings.
Establishing a Revocable Living Trust
Dedicated to estate planning and asset protection, our entire staff will help you make sure your assets are transferred properly. At your first interview, we will be ready to collect your asset information. We will also package your trust with a “pour over” will and health care powers of attorney, so you are protected on all fronts. We will help you with the following steps for your revocable living trust:
- Create and Design the Trust: Acting as a will substitute, all of your assets will be protected from probate by your revocable living trust. It will have all the language of a will, but will facilitate continued control of the estate after you are gone, if necessary. For example, you could put in a provision that minors will not receive any gifts until they are older and able to handle the funds.
- Funding the Trust: The second step is to transfer the title of the appropriate assets to the trust. Developing the trust itself is important, but you have to take real action and make sure your assets are controlled directly by the trust.
Contact Us
With two offices in Las Vegas, our lawyers are ready to answer your questions and help you take action. Open weekdays from 8:00am to 5:00pm, we also offer evening and weekend hours by appointment. Contact us today for a free 30-minute trust or will consultation.
