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Nevada State Seal (Photo Credit - Akkakk via public domain)

A Timeline of Nevada’s Significant Asset Protection and Trust Laws

September 6, 2011 by Neil Schoenblum Comments Off

In 1999, Nevada became one of the first states to enact legislation allowing self-settled spendthrift trusts that provide asset protection for settlors.  Since then, the Nevada legislature has consistently passed favorable, progressive asset protection and trust laws (including during the most recent legislative session) as evidenced by the timeline below. October 1999 Effective October 1, [...]

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Asset Protection, Directed Trusts, Dynasty Trusts, Estate Planning, Legislation
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Nevada State Senate

Nevada Extends Charging Order Protection to Single Member LLCs: An Interview with Steven J. Oshins, Esq.

July 27, 2011 by Neil Schoenblum Comments Off

Steve Oshins is a nationally acclaimed estate planning and asset protection attorney at Oshins & Associates, LLC (www.oshins.com). He is renowned for his efforts at providing innovative solutions for the asset protection concerns of clients.

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Asset Protection, Legislation
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Nevada State Senate, 1897

Nevada’s Self-Settled Spendthrift Trust Laws Further Strengthened with the Passage of Senate Bill 221

July 26, 2011 by Neil Schoenblum Comments Off

Nevada has consistently been recognized as a best state for asset protection trusts.  This distinction is largely due to the advantages of Nevada’s self-settled spendthrift trust laws, such as: the shortest statute of limitations period of the domestic asset protection states and no statutory exceptions enabling particular creditors to pierce the trust. Nevertheless, on June 4, [...]

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Asset Protection, Legislation
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Provident Presenting at The Trust Advisor’s Webinar on Asset Protection Trusts

May 18, 2012 by Neil Schoenblum Comments Off

The Trust Advisor will be hosting a 60-minute webinar, entitled “Strategies for Sheltering Wealth Using Asset Protection Trusts.”  The webinar will examine uses and advantages of domestic asset protection trusts (“DAPTs”) as well as key differences between the states that allow them.  In particular, the webinar agenda will include a discussion of: several asset protection [...]

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Asset Protection, Rankings
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Provident Trust Group CEO Named Entrepreneur of the Year

April 19, 2012 by Neil Schoenblum Comments Off

Provident Trust Group is pleased to announce that its CEO, Theresa Fette, has been named Entrepreneur of the Year.  As reported by the Las Vegas Review-Journal, the award is being presented by the Las Vegas chapter of The Entrepreneurs’ Organization. The Review-Journal article notes that “Theresa Fette helped expand Provident Trust Group’s assets from $400 [...]

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ILIT Management

Provident Trust Group in The Wall Street Journal

March 4, 2012 by Neil Schoenblum Comments Off

Provident Trust Group has been mentioned in an article in The Wall Street Journal, entitled “IRAs Get Sexier,” by Laura Saunders.  As the title indicates, the article is intended to inform readers about the opportunity to put unusual, exotic assets in an IRA.  Indeed, the subtitle of the article reads: “Disillusioned With Returns on Conventional [...]

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Self-Directed IRAs
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The Trust Advisor Lists Provident Trust Group as One of America’s Most-Advisor Friendly Trust Companies

February 7, 2012 by Neil Schoenblum Comments Off

The Trust Advisor has released its 2012 Winners List of America’s most advisor-friendly trust companies.  Provident Trust Group is honored to be one of just eleven trust companies to be included on this list.  The Trust Advisor explains that: “With over 1,700 trust providers to choose from, we’ve spotted only a handful rolling out the [...]

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ILIT Management

Nevada Ranked as the #1 Jurisdiction for Domestic Asset Protection Trusts in Steve Oshins’ Mid-Year State Rankings Chart

January 8, 2012 by Neil Schoenblum Comments Off

Nationally known estate planning and asset protection attorney Steve Oshins (www.oshins.com) is the creator of the Domestic Asset Protection Trust State Rankings Chart (which can be accessed at http://www.oshins.com/images/DAPT_Rankings.pdf) that he publishes each year and updates as the various states modify their laws.  He recently did a mid-year update to reflect some significant changes made [...]

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Asset Protection, Rankings
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Nevada Revises Its Charging Order Statutes for Corporations

November 14, 2011 by Neil Schoenblum Comments Off

As previously discussed, with the passage of Senate Bill 405, Nevada became just one of two states (the other being Wyoming) to extend charging order protection to single member limited liability companies (SMLLCs).  Following on the heels of decisions such as Olmstead and Albright that created doubt about the asset protection efficacy of SMLLCs, Senate [...]

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Asset Protection, Legislation
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October 1: SB 405 and SB 221 Go Into Effect, Asset Protection Enhanced

October 5, 2011 by Neil Schoenblum Comments Off

In July of 2007, Nevada became the first jurisdiction to extend charging order protection to corporate stock.  Now, nearly four-and-a-half years later, Nevada has once again expanded its charging order laws—this time, to single member limited liability companies (SMLLCs). Section 69 of SB 405, amending NRS 86.401, specifies that the charging order is the “exclusive [...]

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Asset Protection, Legislation
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Provident Trust Group Makes the 2011 Inc. 500ǀ5000 Fast-Growth List

August 24, 2011 by Neil Schoenblum Comments Off

Provident Trust Group is pleased to announce that it has been listed in Inc. Magazine’s annual exclusive ranking of the nation’s fastest-growing private companies.  Due to its substantial growth, Provident Trust Group was ranked #102 in the Financial Services industry and #2142 nationally. According to Inc. Magazine, the rankings are based on percentage revenue growth [...]

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ILIT Management

Welcome Readers of The Ohio Trust & Estate Blog!

August 17, 2011 by Neil Schoenblum Comments Off

Michael Bonasera of The Ohio Trust & Estate Blog wrote a very kind post yesterday about The Nevada Trust Reporter.  Since January 2007, The Ohio Trust & Estate Blog has been a wonderful resource for T&E news and developments not only in Ohio but nationwide.  Indeed, the blog was recently selected as a Top 25 [...]

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Estate Planning
Nevada State Capitol, 1875

Nevada Dynasty Trusts

August 12, 2011 by Neil Schoenblum Comments Off

What is a Dynasty Trust? A dynasty trust, also often referred to as a perpetual or generation-skipping transfer (“GST”) trust, is a unique type of irrevocable trust that has become a very powerful estate planning tool in preserving family wealth.  Dynasty trusts can prevent your assets from being included in your or your descendants’ estates, [...]

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Asset Protection, Dynasty Trusts, Estate Planning, Legislation, Transfer Taxes
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