Legal Question in Wills and Trusts in Nevada

Can a person have two trusts?

I have found a Charitable Trust and a Revocable Inter-Vivos Trust among my fathers paper's. The Charitable trust leaves everything to his Alma Mater. The Living Trust divides everything amongst his four children. Can a person have two trusts?


Asked on 4/21/07, 8:47 pm

2 Answers from Attorneys
James Smith James E. Smith Ltd.

Re: Can a person have two trusts?

People often have more than one trusts. The trust language and trust date will have to be reviewed to see if one takes precedent over the other.

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Answered on 4/21/07, 9:00 pm
Joel Selik www.SelikLaw.com

Re: Can a person have two trusts?

Yes one can have two trusts, but, if in conflict over the same assets, check for thelater in date, and or terms of the trusts to resolve conflicts.

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Answered on 4/22/07, 9:20 am


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