Is A Nevada Asset Protection Trust Right For You?
No two households are the same. Neighbors living on the same block rarely have the same kinds of goals, family dynamics and structures. A critical aspect in creating an estate plan is ensuring the tools used to craft a legal strategy are appropriate to achieve the desired result.
Our attorneys at Alterwitz Katz, LLP, are at the forefront in asset protection analysis. Our attorneys are passionate about keeping at the cutting edge in understanding the nuances of the law. Partner Mark S. Katz co-authored one of the first articles on the Spendthrift Trust Act of Nevada.
We can review your goals, finances and family dynamics to advise you whether a Nevada Asset Protection Trust is right for you. We will explain the time delay before full asset protection kicks in under the law. Because our partners each have advanced legal degrees in taxation, you can rest assured that the guidance you receive is well-grounded with respect to tax concerns.
There Is No One-Size-Fits-All Trust
At the Alterwitz Katz, LLP, in Las Vegas, our lawyers have the financial acuity and knowledge of tax laws to ensure that your estate plan is finely tuned to meet your individual needs. For instance, a trust to protect assets for Medicaid planning will differ substantially from creating a trust to avoid probate.
We can explain the differences between a variety of trusts and how each instrument applies to your circumstances, including:
- Irrevocable trusts
- Revocable living trusts
- Marital trusts
- Dynasty trusts
- Spendthrift trusts, including domestic asset protection trusts
- Special needs trusts
For many families, creating a trust (or multiple trusts) may be necessary to achieve specific results. But, as no two families are identical, there is no one-size-fits-all trust.
Create A Trust To Protect Your Family Interests
To learn more about creating the right trust to protect your family’s interests, contact Alterwitz Katz, LLP, online or call 702-829-7590 to request a confidential consultation with a knowledgeable, friendly estate planning lawyer.