When discussing estate planning, a will is what most people think of first. Indeed, wills have been the most popular method for passing on assets to heirs for hundreds of years. But wills aren’t your only option…
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How to Unlock an Irrevocable Trust for Maximum Advantage
by Steven J. Oshins, Esq., AEP (Distinguished) and Neil Schoenblum “The fear of the word ‘irrevocable’ often causes people to fail to act and therefore fail to take advantage of opportunities that are available.” Many of our clients fail to set up irrevocable […]
Virginia Enters the Asset Protection Arena
On April 4, 2012, Governor McDonnell signed into law Senate Bill 11, which added sections 55-545.03:2 and 55-545.03:3 to the Code of Virginia, thereby allowing self-settled spendthrift trusts to be […]
Nevada Revises Its Charging Order Statutes for Corporations
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 […]
October 1: SB 405 and SB 221 Go Into Effect, Asset Protection Enhanced
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 […]
A Timeline of Nevada’s Significant Asset Protection and Trust Laws
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 […]
Nevada Dynasty Trusts
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 […]
Nevada Extends Charging Order Protection to Single Member LLCs: An Interview with Steven J. Oshins, Esq.
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 […]
