It can be intimidating to consider the possibility of relinquishing control over your property. People sometimes assume that you do surrender control of assets when you create a trust. In this post we will provide some clarity about creating a trust in northern Nevada. Different Types of Trusts Revocable Trusts There are different types of trusts. Perhaps the most commonly utilized trust in Reno NV in the field of estate planning is the revocable living trust. These trusts are largely useful to … [Read more...] about Will I Still Have Control Over My Property If I Create a Trust in Reno NV?
creating a trust
In a challenging economy we are often tempted to "DIY" (do it yourself). So, is it possible to write your own Living Trust? Yes, but you should know the disadvantages to a poorly drafted Living Trust before you begin. There are three positions in the creation of a Revocable Living Trust Agreement: the Trustors, the Trustees and the Beneficiaries. After completing the trust agreement, it is vital that you fund all assets into the name of the Trust. If you fail to set up and fund the trust … [Read more...] about Disadvantages of Creating Your Own Living Trust