TITLE

An asset protection trust can protect your assets from creditors

AUTHOR(S)
Oshins, Steven
PUB. DATE
June 2008
SOURCE
Las Vegas Business Press (10712186);6/23/2008, Vol. 25 Issue 25, p34
SOURCE TYPE
Periodical
DOC. TYPE
Editorial
ABSTRACT
The author discusses a law in Nevada which allows an individual to create an asset protection trust for himself. He states that the said law became effective for trusts created on or after October 1, 1999, yet many high-net-worth individuals still have not taken advantage of such opportunity. He notes the similarity of the law to those laws in offshore jurisdictions that have existed for years. He adds that the Nevada asset protection trust can be designed to be very flexible despite being irrevocable.
ACCESSION #
33322758

 

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