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. … More Nevada Extends Charging Order Protection to Single Member LLCs: An Interview with Steven J. Oshins, Esq.
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, … More Nevada’s Self-Settled Spendthrift Trust Laws Further Strengthened with the Passage of Senate Bill 221
For his historic 3,000th hit, Derek Jeter homered into the left-field seats at Yankee Stadium. One lucky fan, Christian Lopez, was able to snag the home run ball when it rolled in front of him. As he attempted to secure the valuable souvenir, surely Lopez was not thinking about the tax controversies that have surrounded … More Taxes and Milestone Home Run Balls: Fan Returns Derek Jeter’s 3,000th Hit
In his recent article for the Wall Street Journal’s SmartMoney, Bill Bischoff, the Tax Guy, looks at the worst places to die from an estate tax perspective. Indeed, even with the $5 million federal estate tax exemption for 2011 and 2012 now in place, potentially significant estate tax concerns may remain at the state level. Why … More Nevada: Not One of the Worst Places to Die
The Washington, D.C.-based Tax Foundation has released its 2011 special report ranking the state and local tax burdens on the residents of every state. The study found that Nevada residents paid the second lowest state-local tax burden in the nation in fiscal year 2009 and gave up 7.5 percent of their income in state-local taxes. Accordingly, … More Tax Foundation Report: Nevada Residents Pay Second Lowest State-Local Tax Burden
The Trust Advisor Blog released its 2011 rankings of the most trust-friendly states. For the second year in a row, Nevada was included in Tier 1 and named as a top trust state. Indeed, Nevada was one of only four states to receive this recognition. The blog post distinguishes these four states as “the Big … More The Trust Advisor Blog Once Again Names Nevada as a Best State for Trusts
Houston Astros owner Drayton McLane has decided to put the team up for sale. After almost eighteen years as owner, McLane mentioned estate planning issues as one of the reasons he is now accepting offers for the sale of the franchise. In 1992, McLane bought the Astros from John McMullen for $117 million. While McLane … More Astros Owner Selling Ballclub…Because of Estate Planning Issues?