Nevada Asset Protection Trust Attorneys Las Vegas & Henderson

Proper Nevada Asset Protection Trust Structure…

Every proper Nevada asset protection trust should be designed and funded as follows:

1. The Grantor, or in other words the person who funds the trust, must create the Trust in writing;
2. The Grantor can be a limited trustee and even a beneficiary of the trust, but cannot authorize himself or herself to take distributions from the trust;
3. At least one of the Trustees must be either an individual who is a resident of Nevada, or a Bank or Trust company with offices in Nevada;
4. The Trust cannot be established with the intent to hinder, defraud, or delay creditors from collecting what is justly theirs; and
5. Assets transferred to a Nevada Trust will not be protected until two years have passed from the time of funding, and proper notice should be provided through a pubic recording.

Protecting Assets Since 1981

While other rules certainly apply and should be considered, these points establish the basic framework for a Nevada Asset Protection Trust.  Combining the Nevada DAPT with a Nevada limited liability company, or with the many Nevada exemptions, a formidable asset protection structure can be put into place which will make it difficult for a future judgment creditor to successfully attack our clients’ hard-earned estates.