Legal Question in Wills and Trusts in Nevada

Re: revocable living trust

A living trust, also known as a Revocable Living Trust or a Family Trust is a legal document that holds title or ownership to your real property and assets. When you create a Revocable Living Trust you transfer ownership of your assets to the trust. Transferring assets is typically called "funding." When you transfer title you DO NOT relinquish any control. You can still buy, sell, borrow or transfer.

To many the living trust looks a lot like a will. It includes the details and instructions for how you want your estate to be handled at your death. However, unlike a will a properly funded trust:

Does not go through probate.

Prevents the courts from controlling your assets at incapacity.

Gives you control over the assets you leave to your minor children or grandchildren.