People often wonder how a family trust, administered by a trustee, can reflect their goals, wishes, and values for generations after they have passed. Many grantors (the family establishing the trust) declare their wishes in a “letter of intent” that is designed to educate the trustee as to the family’s long-term goals and values in a way that just a legal document might miss. As this Wall Street Journal article discusses, these are becoming more and more common in the estate planning world as trusts can last for hundreds of years. If you are designing your estate plan, consider the unique advantages of a Nevada trust for your family. Call Alliance in Reno at 775-297-4000 for more information.
