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asset protection Tag

Nevada is Best State for Asset Protection Trusts

Nevada historically has been considered a favorable jurisdiction for forming and maintaining a trust. As one of the first states to pass legislation permitting the self-settled spendthrift trust, or domestic asset protection trust (“DAPT”) as it is sometimes identified, Nevada offers cutting edge laws in the areas of trust formation and administration. ...

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Last Wills and Testaments

(Republished from Vegas PBS Source Magazine; July 2013.) Although a living trust is the estate planning and testamentary vehicle of choice for most people in Southern Nevada, for those who have modest size estates—such as where there is no real estate involved, and where the only assets are small bank accounts, home furnishings and heirlooms—a will may be the better choice. A will is important, at a minimum, to designate the individual one would like to serve as executor of his or her estate, to divide the estate among the proper individuals and charities, to declare one’s heirs and make any desired...

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