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Asset Protection


Need an attorney for asset protection in Las Vegas?
With the recent changes in the laws, you can forget about hiding money offshore unless you want to risk the penalties, back tax bills and threat of prosecution from the IRS. While offshore trusts are still an option, they have become far less attractive now that the reporting requirements for offshore holdings have become more complicated.

At The Law Offices of Brian C. Tanko, we are aware that the numbers of lawsuits brought against our wealthy clients have been increasing steadily over the years. With the constant threat of lawsuits comes a greater need for people to protect their hard-earned assets. Unfortunately, asset protection can be unavailable when someone’s hit with a lawsuit because of fraudulent conveyance laws. Enter Nevada’s asset protection trust which can:

  • Protect you from creditors including your ex-spouse.
  • Cost significantly less than an off-shore trust.
  • Be a complete gift for income tax purposes.

Nevada is one of a handful of states that allows people to create an asset protection trust on their own behalf. While this law went into effect in October of 1999, many high net worth individuals have not taken advantage of this golden opportunity. An asset protection trust is very appealing to individuals such as doctors, attorneys, corporate executives, real estate developers, and other professionals who are vulnerable to professional liability and lawsuits and who desire to protect their accumulated wealth. Some of the advantages of a Nevada asset protection trust include:

  • Nevada is the most debtor-friendly state because it has only a two-year statute of limitations before asset protection goes into force, whereas other states with similar legislation have a four-year statute of limitations.
  • A significant benefit of Nevada is that it’s the only state that includes ex-spouses and child support creditors in those who can’t touch the assets in an asset protection trust.
  • An asset protection trust makes it very difficult, if not impossible for someone to tap into your assets.
  • You don’t have to live or conduct business in Nevada in order to take advantage of the asset protection trust.

A few reasons why The Law Offices of Brian C. Tanko is qualified to help you!

Attorney Brian C. Tanko not only has a JD (law degree), but he is a Certified Public Accountant and a Certified Fraud Examiner, enabling him to implement effective tax strategies to shield your assets.
Committed to professional excellence, attorney Tanko has a BV Distinguished® Rating from the Martindale-Hubbell® Law Directory for ethical conduct and legal ability.
Brian has nearly 20 years of experience handling estate and tax law matters.
He frequently speaks before professional organizations on matters pertaining to tax planning, asset protection and business planning strategies.
Contact a Las Vegas Asset Protection Trust Attorney
An asset protection trust, otherwise known as a Nevada self-settled spendthrift trust can be set up by an individual or a business in order to protect their current or future assets from future creditors or lawsuits. These asset protection trusts are available in only a limited number of states with Nevada having the most favorable laws available.

If you want to be proactive in protecting your wealth and watching your assets grow, contact The Law Offices of Brian C. Tanko at (702) 367-6636 to schedule a free consultation!