Legal Question in Wills and Trusts in Nevada
Wills or Trusts?
I would like to know the differences or pro's and con's between wills and living trusts
Asked on 7/03/99, 4:30 pm
1 Answer from Attorneys
Re: Wills or Trusts?
A Will doesn't become effective until you die.
With a living Trust, you put all your property into the trust now, and although you have access to it, it's not in your name and technically is no longer yours.
I did this for my Dad - his checking account says "Wednesday Lunch Living Trust" (yes, he chose the name), and boy does he get strange looks at the grocery store when he tries to write a check.
If you would like to have a living trust prepared, and you live in Clark County, please call my office for an appointment.
Answered on 7/08/99, 9:02 pm