Archive for September, 2010

Dynasty Trust The Nevada 365Year Dynasty Trust

Friday, September 24th, 2010

Effective October 1, 2005, the Nevada dynasty trust law was modified to allow a dynasty trust to continue for up to 365 years with its assets protected from estate taxes, creditors and divorcing spouses during such time. Prior to the change in the law, Nevada dynasty trusts were limited to ...

How To Avoid Probate

Thursday, September 23rd, 2010

Probate can take anywhere from a few months to several years. It's expensive. Court fees and attorney's fees can come to around 5% of the estate's value. Hence, it is always better to avoid probate. There are possibilities to do this well within legal limits.The first possibility is ...

Sample Living Trust Should You Use One

Wednesday, September 22nd, 2010

In my estate planning law practice I get asked all the time if it is ok to use a sample living trust from the internet.  My answer is maybe.  If your total estate tax net worth value is less than the estate tax threshold amount then you can do it ...