Nevada Self-Settled Trusts Attorneys

Are you involved in a business venture that makes you personally liable for the business's obligations? Do you foresee difficult times ahead in meeting all of your financial obligations? What if we told you there is a way that you can protect your house and other assets, provided you are proactive?

The Las Vegas business and estate planning attorneys at the law firm of Ken R. Ashworth & Associates have over 14 years of experience helping people throughout the state use a variety of estate planning tools, including self-settled trusts. We will handle your financial affairs with integrity and credibility to bring the most beneficial results and meet your goals.

Contact our Nevada self-settled trusts lawyers online or call us at (702) 893-9500 at your earliest convenience if you are interested in discussing solutions for asset protection in a free initial consultation.

North Las Vegas Irrevocable Trust Lawyers

A self-settled irrevocable trust is an asset protection tool created to hold your assets and property, allowing it to be managed by someone else; yet you are able to make yourself the beneficiary. In this way, you are able to benefit from and enjoy your property and assets, but they are taken out of your name.

As a result, your property and assets are protected from foreclosure or lawsuits against you, provided the self-settled trust was created prior to the "look-back" period. Under Nevada law, a self-settled irrevocable trust has only a two-year look-back time frame, which means that only two years after creation of the trust, the asset housed within the trust cannot be touched. Relatively speaking, Delaware has a three year look-back, while most other states have five to 10 year look-back time frames.

Our estate-planning attorneys will explain the benefits and drawbacks from creating a self-settled trust, or using another estate-planning instrument to avoid probate and protect your assets.

Las Vegas Asset Protection Attorneys

Are you looking for a way to protect your home or other assets from possible foreclosure? Please contact our North Las Vegas irrevocable trust attorneys online at Ken R. Ashworth & Associates with any questions or to arrange your free initial consultation. You can also call us at (702) 893-9500.