Irrevocable Trusts Lawyer in Las Vegas, NV
At Bowler Twitchell LLP, we understand the importance of securing your assets for future generations. One of the most effective ways to do this is by establishing an irrevocable trust. Our experienced estate and probate attorneys can assist you in creating a customized irrevocable trust that meets your specific needs and goals.
What is an Irrevocable Trust?
An irrevocable trust is a legal entity that holds assets and property for the benefit of designated beneficiaries. Once established, the trust cannot be revoked or altered, except in rare circumstances. This means that the assets transferred into the trust are no longer considered part of the grantor's estate and are protected from creditors and estate taxes.
Benefits of an Irrevocable Trust
An irrevocable trust offers several benefits, including:
1. Asset protection: Assets transferred into the trust are no longer considered part of the grantor's estate and are protected from creditors and lawsuits.
2. Tax savings: Irrevocable trusts can be used to minimize estate taxes and gift taxes by transferring assets out of the grantor's estate.
3. Control and flexibility: The grantor can specify how the assets in the trust are to be distributed to beneficiaries and can retain some control over the trust's management.
4. Privacy: Unlike wills, irrevocable trusts are private documents and are not subject to public records.
Our Las Vegas Irrevocable Trusts Services
At Bowler Twitchell LLP, we offer a wide range of irrevocable trust services, including:
1. Trust creation: We can assist you in creating a customized irrevocable trust that meets your specific needs and goals.
2. Trust administration: Our attorneys can help you manage your trust, including filing tax returns and distributing assets to beneficiaries.
3. Trust modification: In rare circumstances, we can help you modify an existing irrevocable trust.
Contact Our Las Vegas Irrevocable Trust Lawyers
If you are considering establishing an irrevocable trust, contact Bowler Twitchell LLP today. Our experienced estate and probate attorneys can guide you through the process and ensure that your assets are protected for future generations.
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