Asset Ownership
An overview of the effects of different forms of asset ownership.
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Practical Advice for Estate Planning
Each memo has its own version date. Select “Read memo” to open a web page or “View PDF” to open a downloadable document.
Asset-Protection Trusts and Public Records
Choosing between privacy and protection when assets are held through a Nevada asset-protection trust, also known as a Nevada self-settled spendthrift trust.
WEB Read memoAvoiding Challenges to Estate Planning
Steps that may reduce the risk of estate-plan litigation, particularly when a person signing documents is elderly, infirm, or ill, or when the plan contains unusual provisions.
PDF View PDF“Crummey” Withdrawal Rights
An explanation of withdrawal rights used in irrevocable trusts to qualify gifts for the annual gift-tax exclusion, following Crummey v. Commissioner.
PDF View PDFDecanting a Trust in Nevada
How assets of an irrevocable trust may be transferred to a second trust with modified provisions.
PDF View PDFDividing an A/B or A/B/C Trust After the First Death
Allocating assets among a survivor’s trust, decedent’s or credit-shelter trust, and possibly a marital or QTIP trust after the first spouse’s death.
PDF View PDFIRA and Retirement-Plan Beneficiary Designations
Considerations when choosing beneficiaries for an IRA or other retirement plan.
PDF View PDFNevada Declaration of Domicile
Steps that may help establish legal residency in Nevada.
PDF View PDFManaging an SSST
Managing a Nevada self-settled spendthrift trust (SSST), a form of domestic asset-protection trust (DAPT).
PDF View PDFMediation
An explanation of the procedures involved in informal mediation with an attorney from Rushforth Firm Ltd.
PDF View PDFNevada Trust Company
Nevada law governing the formation of licensed and unlicensed trust companies, including family trust companies.
PDF View PDFThe NING
An introduction to the Nevada incomplete-gift non-grantor trust. This strategy is generally intended to address state income tax—not federal transfer tax.
PDF View PDFProperty Agreements for Couples
Potential benefits of cohabitation, prenuptial, postnuptial, marital-property, and domestic-partner agreements.
PDF View PDFStealth Wealth: Keeping Assets Out of Public Records
Potential advantages and disadvantages of keeping asset ownership out of public records.
PDF View PDFTax Identification Numbers
Which taxpayer identification number—such as a Social Security number or employer identification number—financial institutions may need for individuals, trusts, and business entities.
WEB Read memoTrust “Funding”
How assets may be transferred to a revocable trust—a process commonly called “funding” the trust.
PDF View PDFTrust Distribution Options
Ideas to consider when deciding how trust assets will ultimately be divided and distributed.
PDF View PDFTrust Modifications
An overview of ways in which revocable and irrevocable trusts may be modified.
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