Private Trust Companies

In an increasing litigious society, persons who possess substantial assets (“deep pockets”) or who participate in litigious industries are vulnerable to unnecessary litigation.  A Nevada self-settled spendthrift trust, often in conjunction with holding companies, can sufficiently balance the ownership and control of assets in a manner that insulates assets from future creditors and claims while minimizing unnecessary red tape.

Probate can be a long, expensive, and stressful process during an already difficult time for remaining family and friends.  A properly crafted revocable living trust can avoid the probate process while ensuring the thoughtful inclusion of intended beneficiaries.

Life insurance can provide a substantial inheritance to beneficiaries and can finance potential estate tax liabilities without disrupting other assets (such as a family business).  A life insurance trust can ensure the proceeds are used efficiently, and thus can provide greater overall flexibility for other pieces of an estate plan.

Tax laws and regulations for individual retirement accounts have particularly strict standards for beneficiaries and distributions.  A noncompliant estate plan can diminish an IRA inheritance in the form of penalties, fees, and unnecessary taxes.  An IRA Trust can provide a trustee with a compliant structure to ensure the IRA is distributed to its intended recipients: the beneficiaries.