A living trust is one of the most powerful tools in estate planning, offering a way to manage your assets and protect your loved ones. At Fales Law Group, our experienced estate planning attorney in Las Vegas can guide you through every step of creating a living trust that fits your needs and helps avoid probate.
Whether you’re looking to set up a revocable living trust or need assistance updating an existing one, our firm ensures that your assets are protected, your family is cared for, and the complexities of probate are avoided.
Fales Law Group has over 20 years of experience helping hardworking individuals and families secure their future. With our advice, you’ll retain complete control over your assets while ensuring that everything is distributed smoothly to your beneficiaries without unnecessary court involvement.
A living trust is a legal document that holds your assets for your benefit during your lifetime and directs how those assets will be distributed after your death. By creating a properly drafted trust, you can protect your assets, avoid probate, and ensure your wishes are carried out smoothly.
At Fales Law Group, we focus on setting up both revocable and irrevocable living trusts. A revocable living trust allows you to retain control over your assets and modify the trust as needed during your lifetime. On the other hand, an irrevocable trust can offer additional protections, such as shielding your estate from creditors or estate taxes.
Our Services Include:
Nevada is a favorable state for estate planning due to its asset protection laws and absence of state estate tax. Setting up a living trust helps you bypass the probate process, which can be time-consuming and costly.
Advantages of a Living Trust:
At Fales Law Group, our attorney has experience in Nevada estate law and can ensure your living trust is tailored to your unique needs.
Estate planning can seem overwhelming, but our experienced attorney can make the process seamless and straightforward. From drafting a living trust to naming beneficiaries and successor trustees, Fales Law Group will help you every step of the way.
Our Process Includes:
A revocable living trust is a flexible estate planning tool that allows you to make changes or revoke the trust during your lifetime. It offers privacy, avoids probate, and can help with managing assets if you become incapacitated.
Key Benefits of a Revocable Trust:
Many people create a living trust but fail to properly fund it, which can cause complications down the road. At Fales Law Group, we ensure that all of your assets, including real estate, retirement accounts, and other investments, are correctly transferred into your trust.
Avoid These Common Pitfalls:
A successor trustee is the person you designate to manage your trust in the event of your death or incapacity. This individual will have the responsibility of distributing your assets according to your wishes and handling any estate-related matters.
At Fales Law Group, we help you choose a successor trustee who will act in the best interests of your beneficiaries and ensure that your estate plan is carried out effectively.
Probate is the court-supervised process of distributing a deceased person’s estate, which can be time-consuming and costly. By setting up a living trust, you can bypass probate, ensuring your family has immediate access to your assets.
Without a properly funded trust, assets may be subject to “double probate,” where even assets intended to avoid probate must go through the court system. Fales Law Group helps ensure all your assets are transferred into your trust, protecting your family from unnecessary legal hurdles.
We’re a 7x Best of Las Vegas Winner and focus exclusively on Living Trusts, Estate Planning, and related fields to keep our in-house expertise sharp
1.
Experienced
We’ve been in business for over 20+ years and developed thousands of Living Trusts and other Estate Planning Documents.
2.
Professional
We don’t have jack-of-all-trades attorney. We have professionals who have mastered their fields working together to give you the best protection for yourself and your family.
3.
Effective
We don’t just use “standard” templates or “boiler plate” language. Each one of our Living Trust based Family Plans comes custom to your family, our situation, and your needs.
Some experts estimate that 73% of Living Trusts in Las Vegas fail to keep families out of Probate. In most cases the documents were fine. The trust was never properly funded. A Revocable Living Trust only controls the assets that are titled to it. The trust itself avoids Probate. Any asset left outside the trust does not.
This is the step most estate planning offices skip. They hand you a binder, shake your hand, and never check whether your home, accounts, and investments actually made it into the trust. Years later the family discovers the truth in Probate court.
Gary built his practice around closing that gap. With every Living Trust, you submit your asset details and proof of titling, and Gary’s team verifies that each asset is titled correctly. He checks the work, so the plan you paid for is the plan your family gets. Read more about how trust funding works and how assets are transferred into a trust.
The honest answer: far less than not having one. A full Probate on a median Las Vegas home estate commonly consumes $40,000 to $60,000 in fees, and our Probate attorney page breaks down exactly where that money goes. A properly funded Revocable Living Trust is a small fraction of that, and the consultation to find out what your family needs is free.
Pricing depends on your assets, your family situation, and the protections you want. For a detailed look at market rates, read our guide on how much a Living Trust costs.
Gary works with families across the Las Vegas Valley, including Henderson, North Las Vegas, Paradise, Spring Valley, and Sunrise Manor, and statewide through the Nevada Living Trust page.
Common Questions
You can place a wide variety of assets in your living trust, including real estate, bank accounts, investments, and retirement accounts. We will guide you through transferring each asset into your trust.
Yes. A pour-over will ensure that any assets not included in your trust are transferred upon your death, preventing them from going through probate.
We recommend reviewing your trust every few years or after any significant life event, such as marriage, divorce, or the birth of a child.
If you have a revocable living trust, you can make changes or revoke it entirely during your lifetime.
A revocable trust allows you to make changes, while an irrevocable trust offers greater asset protection but cannot be easily modified.
Living Trusts are Outdated
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The percent of your assets that could go to Probate Fees
Protect your family and secure your assets with a properly drafted living trust. Fales Law Group attorney is here to help you create or update your living trust, avoiding probate and ensuring that your estate plan is executed according to your wishes.
