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: Nevada
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…Nevada Commerce Tax FAQs—- Deadline is August 15, 2016!
We’re getting a lot of questions about this issue, and I admit, it’s a bit confusing. You see, the measure for the Margin Tax was defeated during Nevada’s last legislative session… But we have to now deal w/ the Nevada Commerce Tax. What is it? The Commerce Tax is a new annual business tax passed…
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