Legal Question in Wills and Trusts in Nevada

When you establish a trust and then open accounts in the name of the trust, to accomplish what you want, you must provide for an even subsequent and directives. That is, an event that occurs in the future (the trust dissolves) and directives, that is what is to happen to the funds in the accounts that are in the name of the trust, the moment the trust dissolves.

So you see you will need a place for the monies to flow to once you have dissolved the trusts. Typically this means that you must then open, or already have in place, new accounts for the money to flow to. Those new accounts can be in your name or in anothers name or in the name of another trust or trusts or any combination therof.

There are tax issues to be considered as well.

You must be clear as to what you want to accomplish. Minimizing taxes? Maintaining anonymity? Protecting assets from creditors?

I hope this is helpful.

George D. Greenberg, Esq.

Las Vegas, Nevada