Whether you are an entrepreneur who is relocating to southern Nevada for the bountiful business opportunities or an individual who has relocated to enjoy the vast choices for a relaxing lifestyle, now is the time to create or to update your estate planning documents.
State laws govern trusts, and these laws differ from state to state. Nevada trust laws are some of the most favorable in the county, from trust administration to our 365 year rule against perpetuities. If your legal documents are not up to date or are based on another state’s laws, you could be missing out on all of the benefits of Nevada law controlling your estate planning. Furthermore, if your trust documents are outdated, then individuals who you once wanted to serve in your documents may need to be substituted for others or more local people.
If you have recently experienced a significant life change, such as marriage, divorce, the birth of a child, the death of a spouse, recent good fortune, or the opening of a new business, it is vital that your estate planning documents reflect these life events.