Since there are a few ways to interpret the facts you describe, I can only add another angle to Mr. Jensen's and Mr. Rushforth's analysis. If A...

Does the trustee of a "self-settled trust" have to be a resident of Nevada?

There is an easy solution to this. NRS 166 provides for a "qualified person" trustee. When drafted properly, the trust will provide for a trustee...

Confirming Mr. Coppa's response, and because there's a lot on the line when you are preparing and executing your own will, I'll point you to the...

You absolutely can share a joint revocable trust as brother and sister. They're more frequently used for married couples but they have many many...

Do funds in accounts with out an identified beneficiary automatically go to the State when a person dies in the State of Nevada

Your instincts are correct. While it's not a bad idea to name a payable on death (POD) beneficiary on a bank account, should an account owner die...

I assume you are getting these terms from the probate petition and not the will itself. Either way, in Nevada a devisee is someone who is a...

I agree completely with Mr. Jensen. Perhaps it sounds self-serving, but asset protection planning doesn't belong in the self-help realm. In...

What are the differences between: the different types of power of attorneys?

To give a little context to Ms. Santella code reference, a power of attorney is a tool used to act on behalf of another. The "principal"...

How do I ensure that my life insurance policy is used for my funeral expenses?

To build upon Mr. Lampe's response, if you're in Nevada, I'd consider using a trust to accomplish your needs here by establishing a trust with the...

Legally, do I ever have to explain WHY I have durable power of attorney?

You don't have to explain it but also understand that a third party does not have to accept it. While Nevada statutes provides liability ...

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