Nevada-Domiciled Domestic Asset Protection Trust
An Asset Protection Trust is an irrevocable trust that’s often created to protect the beneficiary from the potential negative consequences associated with transfer tax laws, divorce settlements, and bankruptcy regulations. More and more domestic and international families are establishing Asset Protection Trusts in Nevada. Nevada Asset Protection Trusts include a Spendthrift Provision that prevents beneficiaries and potential creditors (including previous spouses) from gaining direct access to assets within the trust.
Nevada Self-Settled Spendthrift Trusts, also referred to as Domestic Asset Protection Trusts, allow a grantor to place assets into an irrevocable trust and remain a beneficiary of that trust. The state statutes require the use of an independent trustee before distributions can be made to the grantor.
An Asset Protection Trust is an irrevocable trust that’s often created to protect the beneficiary from the potential negative consequences associated with transfer tax laws, divorce settlements, and bankruptcy regulations. More and more domestic and international families are establishing Asset Protection Trusts in Nevada. Nevada Asset Protection Trusts include a Spendthrift Provision that prevents beneficiaries and potential creditors (including previous spouses) from gaining direct access to assets within the trust.
Nevada Self-Settled Spendthrift Trusts, also referred to as Domestic Asset Protection Trusts, allow a grantor to place assets into an irrevocable trust and remain a beneficiary of that trust. The state statutes require the use of an independent trustee before distributions can be made to the grantor.
An Asset Protection Trust is an irrevocable trust that’s often created to protect the beneficiary from the potential negative consequences associated with transfer tax laws, divorce settlements, and bankruptcy regulations. More and more domestic and international families are establishing Asset Protection Trusts in Nevada. Nevada Asset Protection Trusts include a Spendthrift Provision that prevents beneficiaries and potential creditors (including previous spouses) from gaining direct access to assets within the trust.
Nevada Self-Settled Spendthrift Trusts, also referred to as Domestic Asset Protection Trusts, allow a grantor to place assets into an irrevocable trust and remain a beneficiary of that trust. The state statutes require the use of an independent trustee before distributions can be made to the grantor.