The benefits of a Nevada trust

Wouldn’t it be great to be able to write your own trust?! No attorneys, no CPAs, nobody. While this is not possible in most states, Nevada has a solution for this problem. A Nevada Asset Protection Trust (NAPT) is an irrevocable trust set up under Nevada’s special law that allows a settlor to set up a trust for his or her own benefit and which can generally protect assets from the settlor’s creditors two years after transfers of assets to the trust. Note: In order to use Nevada’s law, there must be at least one Nevada trustee, whether an individual, a trust company or a bank. We were fortunate enough to track down Steve Oshins for an interview on how these trusts work.