Corporate Capital advises all business owners to prepare a legal document to protect and distribute their assets when they are no longer able to manage their financial and legal affairs. You have invested a lot in your business; a living trust will ensure that your hard-earned success does not go to waste in the event of death or disability.
A living trust is often the best option for business owners who:
- Wish to keep their estate matters behind a veil of privacy
- Have complex personal and/or financial circumstances
- Are single and do not have beneficiary designations
While a living trust is more expensive than ordering a legal form, it ensure that your wishes will be carried out exactly, and is less cost and hassle than creating a will. To create a living trust, you will need to hire a qualified attorney.
Another option is a revocable living trust, which allows you to act as trustee and retain control of all assets in the trust. Upon your death or disability, the assets will bypass probate and go directly to your beneficiaries.
Our team at Corporate Capital is pleased to help business owners across the nation achieve financial security now and in the future. Contact our office at 855-371-0070 if you would like to arrange for a qualified attorney to set up your living trust in Nevada.