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The Income Protection Trust

The Income Protection Trust: Combining Nevada’s Domestic Asset Protection Trust with Life Insurance Abstract: This article discusses the statutory requirements for an asset protection trust established pursuant to the Spendthrift Trust Act of Nevada. Trusts drafted under the Act are…Continue Reading →

Asset Protection in Nevada: a Diversion from the Current State of Estate Tax

In Nevada’s most recent legislative session, significant changes were made to NRS 166,Nevada’s statute governing asset protection trusts. We believe these changes, which became effective on October 1, 2009, further validate Nevada’s asset protection trusts, or Nevada On-shore Trusts (NOSTs),…Continue Reading →

There’s No Time Like the Present for Asset Protection Planning

For more than ten years, we at Jeffrey Burr have been advocating the use of the Nevada trust statutes for asset protection. Unfortunately, although we are pleased with the number of people who have taken this important step in their…Continue Reading →

New Updates to the Self-Settled Spendthrift Trust Laws

Nevada’s self-settled spendthrift trust laws have long been considered the most favorable of the thirteen states allowing these types of trusts. (See NRS 166 for the laws pertaining to the “Nevada On-Shore Trust,” as we like to call it, or…Continue Reading →

Trying to Protect Your Assets: Why Giving Money To a Family Member Does Not Work

With the current state of the housing market, many of us know of a friend, family member, or neighbor who is contemplating walking away from their home. Whether that person decides to enter into a short sale agreement or let…Continue Reading →

New Nevada Law Increases Protection of Single Owners of Corporations and LLCs

On June 16, 2011, Nevada’s governor signed a new law specifically making a charging order the exclusive remedy of a judgment creditor against owners of both LLCs and corporations in Nevada. The legislation specifically includes a sole member of an LLC…Continue Reading →