First, Forbes magazine ranked Nevada as one of the best states in the nation, even awarding it an A+ rating, as a top state for creating trusts, particularly for asset protection purposes.  This ranking is based on evaluations of the state’s trust laws, taxation, and the protection offered against creditors.  As stated in Forbes Magazine, titled “Why Your Family’s Money Belongs in Nevada – No Matter Where You Live,” they start by saying that Nevada may be known for its casinos and high-stakes poker games, but high-net-worth families will find it no gamble to keep their money and trusts there.  

Second, No Residency Requirement.  Anyone in the nation can create a trust in Nevada and there are absolutely no residency requirements to create an asset protection plan or a trust in Nevada.  

Third, Nevada trusts, like Domestic Asset Protection Trusts (DAPTs) or Nevada Onshore Trusts (NOSTs) or Nevada Asset Protection Trusts (NAPTs) can shield your assets from the reach of creditors when properly established and administered within Nevada’s statutes.  This means that unlike many other states, Nevada has some of the best protection trusts to protect your hard-earned assets.  

Fourth, Nevada has no state income tax and no inheritance tax.  As such, upon your death where do you want your children to administer their inheritance?  In a state that charges state inheritance tax and state income tax?  Or in the alternative, a State like Nevada that has zero state income taxes and zero state inheritance tax?

Fifth, Nevada statutes allow for the creation of Dynasty Trusts, which allow your beneficiaries to inherit assets not only 100% creditor protected (from divorcing spouses, creditors etc.), but also allow all this net worth to pass to the next generation federal estate tax free for 365 years.  We can create these Dynasty Trusts either generation skipping tax free (GST) and non-GST exempt for extremely large estates and trusts.  

Sixth, Nevada is debtor-friendly and has no exception creditors, which means that not only does Nevada offer limited recourse to creditors to seize trust assets but also no exception creditors means that Nevada’s asset protection benefits are not limited by the type of creditor claim like other states.  

Seventh, Nevada has the law firm of David Bindrup, which means you get the best trust laws in the nation while getting the best nationally recognized Asset Protection Attorney and Certified Public Accountant in Nevada and California, former Ernst & Young CPA, and has a Master of Laws in Tax.  This means you get the best of both – Nevada’s trust laws and asset protection laws and a tax attorney to protect your interest from creditors and the government – all legally!