Revocable Living Trust: A Revocable Living Trust (RLT) is also known as a “Living Trust” and/or “Family Trust”. It is created to hold the Grantor’s (Trust Creator’s) assets for the duration of that person’s lifetime. Typically, the Grantor retains control over all of the trust assets, as long as he/she is alive & well. A RLT dictates…
Continue reading…Category: Estate Planning
Millennials – Time to Start Planning for your Estate! (Part 1)
Millennials are known for being digitally dependent, optimistic about the future, and the generation with the highest student loan debt (sigh). This oft-scrutinized generation is also criticized for being lax when it comes to “adulting” and planning for their fiscal future. However, this does not negate the need to talk about estate planning when it…
Continue reading…Estate Planning for your Pets!
For many of us, our pets are beloved and an extension of the family, in furrier form. However unlikely, it is possible that your pet may outlive you. What happens to your pet? Who cares for your pet? How is the pet financially cared for? Hopefully, there is a close friend or family member that…
Continue reading…Things to Do Following the Death of a Loved One: Part III
Links to Part I and Part II of this Series. The following outlines some of the legal duties associated with serving as Trustee of your loved one’s trust. “I’ve Been Named as Trustee… Now What?!” And then there are a few additional items of which you need to be aware: Again, this general list of duties is not meant…
Continue reading…Things to Do Following the Death of a Loved One: Part II
Part II of this series covers issues specific to successor trustees/trust administration. Part I of this series can be found here. For Trusts: The Person(s) Nominated as “Successor Trustee” May Also Need to: Inform the family/other beneficiaries named in the Trust that you are the Successor Trustee. Give copies of the Trust to known…
Continue reading…Things to Do Following the Death of a Loved One: Part I
Within the First Week: Determine whether any of decedent’s (decedent = deceased person) property needs to be safeguarded, such as a home, vehicle, vacation house, office, etc. Ensure that proper funeral/cremation arrangements have been made. Look for any letters of instruction/final wishes – our clients are typically given a “Memorial Instructions” worksheet, located in their…
Continue reading…Nevada is voted Best Trust state in America (again)…
Nevada, Alaska Win for Top Choices as Best Trust States in America by Scott Martin, August 25th, 2014 Cross-border asset war enters a new phase as Nevada captures almost twice as many votes as every other jurisdiction in the country put together. What’s the state’s secret? And are the accounts following its fame? When we…
Continue reading…Phillips Ballenger Announces Military and Teacher Discounts
We are happy to announce that all current and former Military service members and current teachers will be offered a discount on Estate Planning, Asset Protection (including LLC formation and Nevada Asset Protection Trusts) and Short Sale/Loan Modification retentions. This is our way to thank you for your dedication and service to our country and…
Continue reading…Education Event
Tiffany Ballenger, Esq. will be presenting at the “Leaving a Legacy” workshop sponsored by the City of Las Vegas and the National Coalition of 100 Black Women on Wills, Trusts, and Probate on Saturday, June 8, 2013. For more information and to sign up, please contact Li’Shey Johnson at NCBW100EDC@gmail.com. Workshops also include speakers on…
Continue reading…Estate Planning Smarts For New Moms
Having a child is often the first time people think about their estate plans. New moms have much on their mind. I highly recommend the second edition of Deborah L. Jacobs’ book Estate Planning Smarts: A Practical, User-Friendly Action-Oriented Guide to help them plan for their family’s future. Caring for yourself. Contrary to what many think, estate planning…
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