Asset Protection With Trusts

State:
Nevada
Control #:
NV-03255BG
Format:
Word; 
Rich Text
Instant download

Description

The Nevada Asset Protection Trust is a self-settled spendthrift trust designed to safeguard the Grantor's assets from creditors while also providing tax benefits. This trust agreement outlines the roles of three different trustees: an Administrative Trustee managing the trust's documentation and tax filings, an Investment Trustee responsible for the investment decisions, and a Benefits Trustee overseeing the distribution of trust benefits to the beneficiaries. The trust is governed by Nevada law, allowing it to leverage favorable provisions for asset protection. It permits the Grantor to maintain a degree of control during their lifetime, including the right to veto distributions to beneficiaries other than themselves. Key features include the irrevocability of the trust, the provision for perpetual duration, and specific powers granted to each trustee, such as investing or managing real estate. For attorneys, partners, owners, associates, paralegals, and legal assistants, this form provides a structured approach to asset protection through trusts, ensuring compliance with relevant laws while actively managing a client's estate planning needs.
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FAQ

Call 808-536-4302 for more help.

If you have a civil legal problem but cannot afford to hire a private lawyer, you still may have access to the legal system through your local legal services-legal aid organization which provides free or low cost legal services to persons with low incomes.

When you call 1-800-ATTORNEY (1-800-288-6763), you'll be connected with an attorney in your area who's familiar with the laws in your state, who's willing to listen to your concerns, and who can explain the options available to you moving forward.

Legal aid offices are not-for-profit agencies that provide free legal help to people who cannot afford to hire a lawyer. While many legal aid offices only help people with very low incomes, some offices have more flexible income rules. Many legal aid offices also offer self-help resources that can help you get started.

Legal Services Provides free or low-cost legal help to low-income residents and the non-profit organizations serving them in communities across the state. Clients must meet income guidelines to be eligible for services.

Requesting Court Documents If you do not have any information about the case you are interested in, please visit the online case information database: eCourt Kokua. If you do not have access to a computer or the internet, free access is provided at the public libraries or at a designated computer at the courthouse.

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Asset Protection With Trusts