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The Nevada Asset Protection Trust—An Alternative to the Offshore Trust  

Author:  Steven J. Oshins.

Source: Volume 21, Number 03, Spring 2004 , pp.288-299(12)

Journal of Taxation of Investments

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Only five states have statutes that allow the settlor of a trust to establish a trust in which the settlor is a permissible beneficiary and which is also protected from the creditors of the settlor (a “self-settled spendthrift trust” or “asset protection trust”). Those states are Alaska, Delaware, Nevada, Rhode Island, and Utah. Colorado and Missouri have statutes that are somewhat similar, but since there is a general belief that the statutes in those two states do not work, they are not included herein.


Affiliations:  1: Oshins & Associates, P.C..

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