"Offshore" in Nevada: Nevada Asset Protection Trusts
Author: Sutton Law Center Attorney - Trevor Stapleton
Are you interested in outstanding asset protection but uncomfortable about the costs and red flags of using offshore trusts? Then read on about Nevada's new onshore asset protection trust. Traditionally, creditor protection is afforded to beneficiaries of a trust through inclusion of a "spendthrift provision." Spendthrift provisions were developed to protect beneficiaries perceived to be unable to properly manage or protect their funds. In essence, a spendthrift provision provides that as long as the property or funds remain in trust, they are not subject to the beneficiary's debts or creditors. While protection for beneficiaries through a properly drafted spendthri...
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