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Just one more thing NCH has simplified for us! A living trust is not the easiest to understand and NCH was so very helpful making the steps clear for to understand.

- Stacy Sonnier

Nevada is #1 in Lawsuit Protection

Revocable Trusts:
Protecting Your Assets
for Generations to Come

You don’t need to live in Nevada to enjoy the best asset and lawsuit protection a Nevada-registered business can provide

Revocable Living Trust

No matter your income or the value of your assets, you need to have a plan to protect your family. Let NCH help you set up a Revocable Living Trust to keep your assets in the family and avoid expensive court proceedings.

Designed to help you carefully plan and protect your estate, a Revocable Living Trust is a flexible estate planning tool created while you’re living to ensure that you meet your financial and family goals after you pass away. Treated as a separate legal ‘person’ in the eyes of the law, it solves the problem of estates having their assets tied up in probate.

Another benefit of having a Revocable Living Trust is that the types of property you can hold are endless. The assets in the trust may also include your personal residence, personal bank accounts, jewelry, intellectual property, life insurance, and works of art, among others.

Regardless of your net worth, it's important to have a basic estate plan in place—especially if your goal is to protect your assets from estate taxes and avoid probate, which requires more than a will. Our in-house legal team at NCH is ready to help you set up a Revocable Living Trust and answer any questions or concerns.

Advantages of a Living Trust

Revocable Living Trusts offers many advantages including avoidance of probate and privacy protection. Creating a Revocable Living Trust can save your estate thousands of dollars. The simple fact is that you may not see the benefits of having a living trust; however, your family will!

  • Avoid Probate - Probate is the legal process of distributing assets after death. The probate court will distribute your assets according to the wishes of the executor. It is expensive and can leave your assets tied in the legal process for months or years.
  • Asset Protection and Privacy - While the courts consider Wills a public record, a Revocable Living Trust is a separate legal “person” under the law. This shields the owner's identity and allows for the private distribution of your estate upon your death. A living trust is valid in every state.
  • Potential Tax Benefits - While the primary purpose of a living trust is not tax avoidance, it can offer certain tax benefits, particularly in terms of estate tax planning for larger estates. For example, a revocable living trust outlines how the assets are managed by the trustees and helps minimize estate taxes after the grantor’s passing.

Got a Question? Start Here

A revocable trust is often used for estate planning to manage and distribute assets while providing flexibility and control. It can effectively avoid probate court and disputes over an estate's assets, ensuring smoother private transfer to beneficiaries.

The ideal trustee should have several key qualities, including trustworthiness, financial acumen, impartiality, and a good understanding of the trustor’s intentions. The successor must also respect the trustor’s wishes. Common options include:

  • Family member or friend
  • Professional trustee (attorney, accountant, or financial advisor)
  • Corporate trustee

Yes, a trustee can also be a beneficiary of a trust. It is a common setup, especially with family trusts. However, it is important to consider potential conflicts of interest and take steps to mitigate them. It is best to seek advice from an estate planning attorney in structuring the trust and selecting the trustee(s).

The greatest advantage of a revocable trust is its ability to avoid probate. Because of this, revocable trusts offer a higher level of privacy, keeping asset values and beneficiary information confidential. They also avoid expensive court and attorney fees and other administrative costs.

Give us a call at 1-800-508-1729 and start your living trust today!

*Legal Disclaimer – NCH has prepared the content of this website for informational purposes only. It is not legal advice. An in-house independent Nevada law firm provides our legal services.*

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