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    • Practice Areas
      • Estate Planning
      • Nevada Dynasty Trusts
      • Firearm and Gun Trusts
      • Business Planning
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      • Trust Basics
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      • Trademark Basics
      • Copyright Basics
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  • Home
  • Practice Areas
    • Estate Planning
    • Nevada Dynasty Trusts
    • Firearm and Gun Trusts
    • Business Planning
    • Trademark Registration
  • Learn More
    • Trust Basics
    • Business Entity Basics
    • Trademark Basics
    • Copyright Basics
    • Dementia Firearm Safety
  • Forms
  • FAQ
    • General FAQ
    • Trusts and Wills FAQ
    • Firearm/Gun Trust FAQ
    • Business Law FAQ
    • Intellectual Property FAQ

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Trust Basics

What is a Revocable Living Trust?

Estate planning starts with planning for your own needs first. Then planning for
the needs of others. In this way, you can effectively make a difference. We help
others best when we are on solid personal footing.

A revocable living trust, or simply a trust, is a legal document that states who you want to manage and distribute your property by and to if you're unable to do so. It also states who receives your property when you pass away. Once a trust is completed and signed, your next step is to transfer ownership of your assets into the trust. With a revocable trust, you remain in complete control of your property. When you pass away, property in the trust can be managed and distributed by a successor trustee, that you appoint in advance, without going through the public process of a probate proceeding in court.

What do terms like trustee, grantor and beneficiary mean?

Trusts require naming certain parties that form, administer, protect, and benefit from trusts. Depending on the type of trust, all can be different people or entities, can all be the same, or a mix.

How is a trust formed?

Trusts are formed by ...

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Trusts are formed by ...

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