Let Our Las Vegas Spendthrift Trust Lawyers Help You Plan Your Future
A Nevada Self-Settled Spendthrift Trust (SSST), also known as a Domestic Asset Protection Trust, enables the grantor to place assets into an irrevocable trust while remaining a beneficiary. Prior to distributions, independent trustees are required by state law.
Among the most powerful and effective estate planning instruments available under Nevada law, the Nevada Self-Settled Spendthrift Trust is one of the best anywhere.
Professionals in high-risk professions such as doctors or business owners can greatly benefit from a NST.
Battlefront Legal can help you establish a Nevada Spendthrift Trust. Call our Las Vegas attorneys at (702) 832-5200 to get started today.
Key Points About a Nevada Spendthrift Trust
Some of the critical factors to know about a Nevada Asset Protection Trust:
- The Trust is irrevocable.
- They carry unique tax consequences that require consultation with a CPA.
- At least one trustee must reside in Nevada
- For asset transfers the statute of limitations is two years which, is considerably shorter than other states that allow similar trusts.
For more information, you will need to speak to a tax professional and consult a lawyer. Structuring assets with an NST is a serious and somewhat complex undertaking.
What's Not Covered in a Nevada Spendthrift Trust
This is a complex area of law. Call us to discuss your planning needs, we may be able to help.
Get in touch with Battlefront Legal in Las Vegas if you are interested in learning more about our services – call us 24/7 at (702) 832-5200 or send us a message online to schedule your free consultation.
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