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Types of Trusts to Consider for Your Estate Planning

Types of Trusts to Consider for Your Estate Planning

Planning for Your Family | Your Future

Types of Trusts to Consider for Your Estate Planning

Las Vegas Trust Lawyer Tiffany Ballenger Floyd: “Everyone, regardless of their level of wealth, needs estate planning! It’s not just for the wealthy anymore”.

Revocable Living Trusts

A revocable living trust is the foundation of a comprehensive estate plan.   Las Vegas Estate Planning Attorney Tiffany Ballenger Floyd practices exclusively in the areas of estate planning, asset protection, and business planning.

There are many different types of trusts out there- trusts can help you avoid probate, minimize your exposure to taxes, and maintain control of your property/estate.  Trusts can also help you protect your beneficiaries from lawsuits and provide asset protection to your surviving spouse and/or children.  Forming a living trust is typically the first step in your estate planning.

When people think about estate planning, most think of a Will… However, a living trust is crucial (especially in Nevada, due to Nevada Probate Laws), and can help you avoid probate altogether, as well as help limit costs related to estate administration. 

Estate Planning Attorney Serving Las Vegas, Summerlin, Henderson, North Las Vegas, Boulder City, and areas throughout Nevada and California and the United States

From forming a revocable living trust, business planning considerations, to asset protection issues, finding the right estate planning lawyer in Las Vegas can prove to be invaluable! 

At Phillips Ballenger, Las Vegas, Nevada trust attorney Tiffany Ballenger Floyd will work hard to ensure that a comprehensive estate plan helps address all your needs and goals. 

Phillips Ballenger can help to address your trust & estate planning anxieties in detail, including addressing questions & concerns related to:

  • Revocable Living Trusts (also known as “Family Trusts”, “Revocable Trusts”, “Living Trusts”)
  • Nevada Wills (your “Last Will and Testament”, “Pour-Over Will”)
  • Powers of Attorney (including Nevada Durable Powers of Attorney for Financial Management, Limited Powers of Attorney)
  • Health Care Powers of Attorney (AKA “Nevada Health Care Power of Attorney”, “Nevada Advance Directive”), including HIPAA Release
  • Living Wills
  • Estate Planning Funding
    • The process of transferring your assets into your Trust, including preparation of Nevada Deeds

Las Vegas Trust Attorney Tiffany Ballenger Floyd also handles all aspects of updating your trusts & estate plan, including counsel and drafting of:

  • Trust Amendments;
  • Trust Restatements;
  • Will Codicils; and
  • Ongoing Trust Funding Advice & Assistance

Creating a Personalized Solution for your Estate Plan

At Phillips Ballenger, located in Summerlin, Las Vegas, attorney Tiffany Ballenger Floyd personally drafts her Client’s trusts- she doesn’t hand her work off to a paralegal or assistant.  This way, she can ensure that the trust is designed properly for your and your needs. 

After we draft the trust, we can also undertake a detailed review of your estate as a whole- reviewing the appropriate documents for each of your companies/entities, and your other financial holdings.   We meet with you personally to discuss your values, hopes, and planning goals, in order to offer you the best options for your specific situation.  Click here for more information on the various types of advanced estate planning options and other types of trusts.

For a detailed, comprehensive consultation with one of our experienced Las Vegas estate planning attorneys, contact us by email or call us at 702-997-5701.  We look forward to speaking with you soon!

 

We help protect your estate, your family, your legacy- one step at a time.




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3605 South Town Center Drive Suite B, Las Vegas, NV 89135
| Phone: 702-997-5701

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