LAS VEGAS TRUST ATTORNEY

Functionally speaking, a trust is an arrangement whereby a trustee manages property as a fiduciary for one or more beneficiaries. One necessary characteristic of a trust is the title to trust asset(s) must be bifurcated, meaning that the trustee holds the legal title while the beneficiaries hold equitable title. This in addition to the written instrument requirement is an example of the many formalities that are required for the formation and creation of a trust. Therefore, the creation of any trust should be handled by an experienced attorney in order to avoid future legal and financial problems.

The creation of a trust can benefit the parties in several ways:

• - Tax benefits
• - Asset protection from creditors
• - Avoiding probate
• - Preventing wasteful use of assets

There are many different types of trusts, all with their own benefits and drawbacks. It takes an experienced attorney to determine which type of trust is right for you. Just a few examples of the many different types of trusts include:

• - Express Trusts
• - Intervivos Trusts
• - Revocable Trusts
• - Irrevocable Trusts
• - Discretionary Trusts
• - Spendthrift Trusts
• - Testamentary Trusts
• - Pourover Trusts
• - Dynasty (Generation-Skipping) Trusts
• - Offshore Trusts
• - Onshore Trusts
• - Charitable Trusts

If you are interested in creating a trust, whether to protect your business or personal assets, don't hesitate to call the Law Office of Brian M. Boyer for more information at (702) 800-0988.

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