What is Family Trust? Who Needs one in Nevada?

Family trust. Who needs family trust? What’s a family trust? What’s the difference between family trust and a will. The family trust is like a bucket, and you form this bucket and then put the things you own inside of it to protect those assets from probate and adult guardianship.

If you own real estate at the time of your death, it’s going to trigger what we call probate. Now, probate is a legal proceeding that we go through when we die. And it’s expensive. It’s time-consuming and public. So we don’t want our family to go through this. People get it confused with a will, and they say, well, why would I need a choice if I have a living trust?

So, in a nutshell, family trust Is to avoid probate, avoid costs, avoid headaches, avoid time that will take you up to nine months for them to inherit their property. The Law Offices of Gary L Fales- Living Trust Attorney (702) 804-0024 https://goo.gl/maps/yVgkuHgogUwRC5WG9 https://lasvegaslivingtrustattorney.com/ https://lasvegaslivingtrustattorney.com/