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Can two people have the same trust?

Joint trusts are easier to manage during a couples lifetime. Since all assets are held in one trust, ownership mimics how many couples hold their assets - jointly. Both spouses having equal control of the management of joint assets held by the trust.

Should my wife and I set up a trust?

Assuming you have no creditor concerns, both spouses want all the assets to go to the surviving spouse, and state death tax will not be an issue, a joint trust may be the way to go, for several reasons: A joint trust is easier to fund and maintain during the couples lifetime.

What is a living trust in Nebraska?

A living trust in Nebraska allows you as the grantor to place your assets into the ownership of a trust. You select a trustee who manages the assets for your benefit during your lifetime. Most people select themselves as trustee, but you can choose anyone.

How much does it cost to set up a trust in Nebraska?

The price of creating a trust largely depends on how you go about making one. If you use a lawyer, fees can easily run $1,000 or more, depending on the hourly or project rate. If you want to keep costs down, there are online programs that cost less than $100.

Can husband and wife trustee?

Yes. A married couple can typically create a joint trust agreement, naming themselves as co-trustees. Under this arrangement, the married couple will own the trust assets during their lifetimes.

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