Probate Estate and Trust Administration
Carrying Out the Estate Plan After Death
by Layne T. Rushforth
Estate and Trust Administration MemosThese memos relate to the administration of a probate estate
|
|
---|---|
Short Title | Description |
Your Duties as a Trustee for an Incapacitated Settlor | This memo outlines the duties and responsibilities of the trustee of a living trust after the settlor (creator) of the trust has become incapacitated. [PDF] |
Probate in Nevada: What, Why, and How | A discussion of the legal procedures required to transfer a decedent’s assets when the assets are not transferred by operation of law (e.g., right of survivorship) or under a contract (e.g., beneficiary designation). [PDF] |
Your Duties as Personal Representative (in Nevada) | A memo outlining what a court-appointed personal representative (executor or administrator) should and should not do during the administration of a deceased person's estate that is subject to probate in Nevada. [PDF] |
Post-Mortem Estate Planning | Legal options that can be done to “adjust” a person’s estate plan after death. [PDF] |
Dividing a Trust into Subtrusts After a Settlor's Death | A summary of how certain two-settlor trusts must be divided into multiple trusts after the death of the first settlor to die. [PDF] |
Your Duties as a Trustee: Guidelines for Trust Administration | This memo outlines the duties and responsibilities of the trustee of a living trust after the settlor (creator) of the trust has died. [PDF] |
Advancements | This memo explains how beneficiaries' shares are calculated when one or more of the beneficiaries have received an advance distribution of their shares. [PDF] |
Starting a Nevada Trust Company | This memo provides an overview of setting up a Nevada Trust Company, including a retail or a family trust company. The family trust company can be unlicensed or can be licensed by the Nevada Division of Financial Institutions. [PDF] |
Irrevocable Trusts | This is a memo directed to the Settlor and the Trustee regarding the management of an irrevocable trust, including an irrevocable life insurance trust (ILIT). [PDF] |
Affidavit of Entitlement | NEVADA ONLY: Affidavit used to collect the personal property (and not real property) of a deceased person if the decedent's estate is not more than the "applicable amount", which is $100,000 if the claimant is the decedent's spouse or domestic partner or $25,000 for other claimants. [PDF] |