Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

A Member of the Law Professor Blogs Network

Wednesday, April 8, 2009

The benefits of a Nevada trust

Nevada Robert L. Moshman (Writer and Attorney) has written a new article entitled The Estate Analyst: "Nevada-nizing Asset Protection", Mar. 4, 2009.

Here is a summary of the article:

Wouldn't it be great to be able to write your own trust?! No attorneys, no CPAs, nobody. While this is not possible in most states, Nevada has a solution for this problem. A Nevada Asset Protection Trust (NAPT) is an irrevocable trust set up under Nevada's special law that allows a settlor to set up a trust for his or her own benefit and which can generally protect assets from the settlor's creditors two years after transfers of assets to the trust. Note: In order to use Nevada's law, there must be at least one Nevada trustee, whether an individual, a trust company or a bank. We were fortunate enough to track down Steve Oshins for an interview on how these trusts work.

http://lawprofessors.typepad.com/trusts_estates_prof/2009/04/the-benefits-of-a-nevada-trust.html

Trusts | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef011570098081970b

Listed below are links to weblogs that reference The benefits of a Nevada trust:

Comments

I would like to set a irrevocable trust for my asset including a property in Illinois and Californa.

Posted by: vlad | Feb 25, 2010 11:05:28 AM

Looking to find legal requirements for a trustee of a Nevada Living Trust with regard to distribution of an estate. Time frames, oversight of accounting etc.

Posted by: Buzz | Sep 14, 2011 11:56:26 AM

Post a comment