Nevada Asset Protection Trust

Protect your wealth. Protect your family. Protect your future.

Nevada is the best state in the nation for asset protection and trust planning.  If you’re concerned about lawsuits, creditors, or probate draining away what you’ve built, a Nevada Asset Protection Trust (NAPT) is the solution.  Our firm has a team of experienced Las Vegas asset protection attorneys who help families and individuals design a customized plan to safeguard their assets and guarantee long-term financial security.  What is the point of building an estate if you lose it during your lifetime?

Why Nevada for Asset Protection?

Nevada has the strongest trust laws in the United States of America, making it the best place in the nation to create and fund these trusts.  These benefits include: 

  • Self-Settled Trusts – this allows you to create a trust that protects your own assets while retaining certain rights as the creator and grantor.  
  • Short Statute of Limitations – in just two years after placing the assets into a Nevada Asset Protection Trust (NAPT) one hundred percent of the assets are shielded from creditors (shorter than most states).  
  • Dynasty Trusts – Only in Nevada do our trusts live on for 365 years, making these trusts amazing for multi-generational wealth planning. 
  • No State Income Tax – Nevada has no state income tax allowing more wealth to be retained in trust.  
  • Charging Order Protection – in Nevada, LLCs and Partnerships have amazing asset protection whereby creditors cannot seize ownership interests, only distributions.  (Unlike Delaware, Nevada has charging order protection for single member LLCs making it the best state to create and form LLCs.)
  •  We are Nevada Asset Protection Attorneys because we are licensed in the best state to create Nevada Asset Protection Trusts!

 

What is a Nevada Asset Protection Trust (NAPT) and how does it work?

A Nevada Asset Protection Trust (NAPT) or often called Domestic Asset Protection Trust (DAPT) or Nevada Onshore Trust (NOST) is a type of irrevocable trust (that is changeable) that shields your assets from creditors and lawsuits while allowing you to benefit from the trust.  Once the assets are transferred or funded into the Domestic Asset Protection Trust (DAPT) and they are “seasoned” or after a two-year statute of limitations has passed, they are all legally protected if the Nevada asset protection attorney prepared the work properly.

Describe the Common Assets Placed into a Nevada Asset Protection Trust (NAPT):

  • Brokerage accounts.
  • Real property such as homes, commercial real estate, and land.
  • Bank accounts and investments.
  • Certain business interests, membership interests in LLCs and partnerships and closely held stock. 
  • Certain personal property.
  • Patents and intellectual property. 

Describe who Needs a Nevada Asset Protection Trust (NAPT):

  • Anyone with assets who wants them protected.
  • Real estate owners. 
  • Business owners – regardless of their value of shares. 
  • Physicians and professionals. 
  • High-risk employment where employers could deny coverage.
  • Families with assets and high net worth individuals.  
  • Anyone that wants to avoid probate.
  • Anyone that wants to maintain privacy in Nevada.

How do I set up a Nevada Asset Protection Trust (NAPT)

  1. Consult a Nevada Asset Protection Trust Attorney. 
  2. When hiring a Nevada Asset Protection Trust Attorney how do I know if they have knowledge and skills to help me prepare, manage, and administer my NAPT?  
    • Ask the Asset Protection attorney how many NAPTs have they prepared. 
    • Ask the Asset Protection attorney how many clients have gotten sued with a NAPT and what the outcome of the lawsuit was.   
    • Ask the Asset Protection attorney if their primary practice area involves estates, trusts, and asset protection.  
    • Ask the Asset Protection attorney about the taxation and rules involving the maintenance and management of the NAPT.  
    • Ask the Asset Protection attorney what amounts of malpractice insurance they carry to protect and defend you and the structure they have created for your asset protection benefits.  
    • Ask the Asset Protection attorney if they have a NAPT. 
    • Ask the Asset Protection attorney about what assets they have individually that are owned by their NAPT.  
    • Ask the Asset Protection attorney how the NAPT is taxed now, when and if a lawsuit arises, and then upon death.  
  3. Select a variety of Trustees including Trust Protectors, Distribution Trustees, and Investment Trustees.  Have the Asset Protection attorney clearly describes the role of each Trustee and their duties and obligations and examples of who they recommend to serve in these capacities. 
  4. Ask the Asset Protection attorney what assets or investments should go into your NAPT and think about the tax and asset protection consequences of moving certain assets into the NAPT.  
  5. Ask the Asset Protection attorney about funding the NAPT.  
  6. Ask the Asset Protection attorney about tricks and secrets in speeding up the two-year statute of limitations and strategies to protect the assets immediately.

 

Nevada Dynasty Trust

Another form of asset protection involves the creation and funding of Nevada Dynasty Trusts.  This occurs when the grantor or surviving grantor passes away.  For many families, their goal is to secure wealth and assets for their intended beneficiaries and not the in-laws or individuals who are not bloodline beneficiaries.  When properly prepared, a Nevada Dynasty Trust can be established to not only protect children, grandchildren, and beyond while minimizing or shielding estate taxes and eliminating creditors and divorcing spouses from reaching any of the inherited assets.  Unlike every state in the nation, Nevada provides this protection for 365 years – yes, 365 years-  all the assets can be protected from divorce, creditors, and even lawsuits.

Why use David Bindrup Law Firm as your Asset Protection Attorneys?

We provide cutting-edge asset protection planning to help our clients keep their hard-earned assets protected.  

  • Our Asset Protection attorneys have deep knowledge and experience of Nevada trust laws. 
  • Our Asset Protection attorneys have experience in estate planning, probate, and litigation prevention. 
  • Our Asset Protection attorneys have strategies for professionals, business owners, and families that are tested. 
  • Our Asset Protection attorneys dedicate their entire practice to creating, protecting, and administering trusts and estates – “a jack of all trades – a master of none.”
  • Our Asset Protection attorneys have local expertise with Nevada trustees, courts, and regulations. 
  • Our Asset Protection attorneys – unlike most competitors, our firm carries millions of dollars in malpractice insurance providing clients peace of mind and insurance.  
  • Unlike our competitors, our law firm has never been sued for malpractice where it is prevalent in asset protection planning because of the way our firm prepares, manages, and administers asset protection trusts.  When detailed and complete planning is completed the way the attorney practices law can either prevent future litigation or propel it.  

 

As you can see, the area of asset protection planning is very specialized, and we have provided you with the information to properly interview your asset protection attorney and receive the answers that make sense to protect you and your loved ones!  

(See tab David Bindrup Law Firm vs. National Competitors for the top seven reasons why NAPT are better than any other state in the nation!)

Locations

Henderson Office

10424 S. Eastern Ave., Ste. 101
Henderson, NV 89052

Las Vegas Office

9030 W. Cheyenne Ave., Ste. 210
Las Vegas, NV 89129

Pahrump Office

1321 S. Hwy 160, Ste. 8A
Pahrump, NV 89048

Phone

702.465.0888

Contact Us