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

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Revocable Trusts:
Protecting Your Assets
for Generations to Come

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 living trust allows you to manage and distribute your assets during your lifetime. It also ensures a smooth transition of assets for the trustees to manage upon the trustor's death, avoiding probate delays and maintaining privacy.

While a will outlines asset distribution after death, a trust can manage assets during life and after death. Trusts often avoid probate, which ensures privacy and faster distribution. Estate planning encompasses both, allowing you to tailor solutions to individual needs.

Creating a revocable living trust involves drafting the trust document, funding the trust by transferring assets into it, naming a trustee, and signing the document in the presence of a notary. Talk to an estate planning attorney for legal advice and proper documentation.

Both terms often refer to the same legal document. A "living trust" is simply a trust created while you're alive. Meanwhile, a "revocable trust" indicates your ability to revoke it during your lifetime. The term "revocable" also emphasizes the trustor's ability to make changes.

No, a revocable living trust becomes irrevocable upon the trustor's death. Although changes are allowed during the trustor's lifetime, they cannot be made posthumously. Executors and trustees must adhere to the terms established by the deceased.

Call for a FREE consultation at 1-800-508-1729.

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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