Nevada Estate Planning Services
Revocable living trusts are popular instruments used in estate planning as a means of passing or distributing one’s estate outside of probate and in privacy.
The trustor of the trust often remains the acting trustee during their lifetime. The trust often transfers control to a successor trustee upon death or incapacity of the trustor.
Alliance Trust Company often serves as a successor trustee or co-trustee or as a special trustee (the person establishing the trust). Since the trust becomes irrevocable at the death or incapacity of the trustor, the trust advisors should work with the successor trustee in the drafting of the trust document to make sure the trust clearly communicates the goals and directives to the Successor Trustee.