Memos - Tips and Traps

Optimizing Planning and Minimizing Problems

by Layne T. Rushforth

Practical Advice for Estate Planning

These memos cover a number of topics with helpful ideas and suggestions that can be useful in making a complete and truly personal estate plan.
Short Title Description
Property Agreements for Couples Benefits of having a marital property agreement.
Nevada Declaration of Domicile Memo outlining the steps to take to establish legal residency in Nevada.
Stealth Wealth - Hiding Assets from the Public Pros and Cons of trying to hide asset ownership from public records.
Asset Ownership Effects of various forms of asset ownership.
Asset Protection Trusts and Public Records Choosing between privacy and protection when owning assets under a Nevada asset-protection trust (a.k.a., Nevada self-settled spendthrift trust).
Beneficiaries of IRAs or Retirement Plans Who should be the beneficiaries of your IRA or retirement plan?
The NING The Nevada Nongrantor Incomplete Gift Trust. (PDF only) This trust is not designed to save federal transfer taxes, but is used by persons living in a state with high personal income tax rates to eliminate or reduce the that tax.
Tax Identification Numbers What tax identification number – social security number or employer identification number – is needed by financial institutions holding funds owned by individuals, trusts, and business entities?
Starting a Nevada Family Trust Company A memo explaining the laws regarding the formation of a licensed or unlicensed Nevada Family Trust Company.

Disclaimer. You must not rely on the information provided on our web sites in making your own planning decisions.