By utilizing Crawford Trust as your Nevada trustee, you do not have to live in Nevada and still utilize the many benefits of estate planning in Nevada.
While 17 states support asset protection trusts, Nevada sets the benchmark.
Click here to see how Nevada compares to other U.S. trust jurisdictions.
What you should know about Nevada Asset Protection:
24-month statute of limitations, shortest in U.S.
No exception creditors, one of two states in the U.S.
Nevada includes divorcing spouses as no exception creditors
Supreme court of Nevada asset protection precedents (Klabacka v. Nelson, 2017)
Extend asset protection for up to 365 years with dynasty trust provisions
Families in states with high income tax laws (like California) are flocking to Nevada, taking advantage of Nevada’s outstanding tax law.
What you should know about Nevada Asset Protection:
No state income tax, protected by the Constitution of the State of Nevada (Article 10)
No estate or gift tax
No corporate income tax
Everyone deserves privacy. For many of our international clients, privacy is a matter of safety, not preference.
How Nevada enhances your privacy:
Fewer public reporting requirements relative to other trust jurisdictions
Ironclad creditor protections
Nevada courts may seal records and optimize LLC confidentiality
Nevada’s directed trust and decanting statutes give families the tools needed for multigenerational planning.
Directed Trust Statutes: Planning Your Way:
Continue to utilize YOUR team on financial advisors
Appoint a third party to make distribution decisions
Benefit from the stability and experience of utilizing a corporate Nevada administrative trustee
Modifying Irrevocable Trusts through Nevada Trust Decanting:
A trustee may move assets from an irrevocable trust to a new trust with new terms, when properly structured
When transferring assets to a new trust, the trustee may leave other assets in the existing trust
Nevada decanting allows a trustee to essentially create a new trust to meet current needs, a much-needed flexibility when planning for multiple generations
Nevada’s directed trust and decanting statutes give families the tools needed for multigenerational planning.
Directed Trust Statutes: Planning Your Way:
Continue to utilize YOUR team on financial advisors
Appoint a third party to make distribution decisions
Benefit from the stability and experience of utilizing a corporate Nevada administrative trustee
Modifying Irrevocable Trusts through Nevada Trust Decanting:
A trustee may move assets from an irrevocable trust to a new trust with new terms, when properly structured
When transferring assets to a new trust, the trustee may leave other assets in the existing trust
Nevada decanting allows a trustee to essentially create a new trust to meet current needs, a much-needed flexibility when planning for multiple generations
At Crawford Trust, we understand that every family is different and carries individual needs. Our experienced trust officers are happy to reach out and learn more about how we may help you.
