“Offshore” in Nevada: Nevada Asset Protection TrustsWritten by Sutton Law Center Attorney - Trevor Stapleton
Continued from page 1
trusts effective to discourage creditors (being geographically distant and subject to obscure laws of a foreign jurisdiction), also created greater risks to creator of loss or diminution of trust assets. This risk coupled with increased costs and post 9/11 environment of greater reporting requirements for offshore trusts and holdings, has further reduced attractiveness of offshore trust. Nevertheless, people still desire to protect their assets from an increasingly litigious climate in United States. In answer to desire for additional creditor protection through domestic sources, Nevada has enacted legislation allowing for creation of self-settled spendthrift trusts. The Nevada Asset Protection Trust (“NAPT”) allows one to create a trust with his or her own assets, be a beneficiary of trust and, as long as technical requirements are complied with (both in form and function of trust), trust assets are protected from any subsequent claims against creator/beneficiary. As with any estate-planning tool, NAPTs are not right for everyone. Planning and implementation of a NAPT should only be done in conjunction with experienced and qualified estate planning professionals. Nevertheless, serious individuals now have an additional tool in NAPT to help provide added asset protection. For a free 10 minute attorney consultation on how a NAPT can immediately help you contact Sutton Law Center at 1-877-297-5399.
Attorney - Trevor Stapleton, Esq., LL.M Trevor Stapleton focuses his practice areas on estate and gift tax planning, business and general tax law. Trevor received his J.D. and Dispute Resolution Certificate from Willamette University College of Law and his LL.M. in Taxation from the University of Washington School of Law. Trevor is currently a member of the Washington State and California Bar Associations
| | Pay Day Loans - Are They A Crime?Written by Randy McClure
Continued from page 1
Budget Yourself Before Your Creditors take Your Good Name. Do you have expensive habits that you cannot afford? If times are tight, look where you cut expenses. For example, if you have all premium stations on cable and you are getting can food for your family at food bank, what should you do? Increase Your Income to Match Your Life Style. Look at your job situation. Can you get a raise, get a new job, get a second job, or supplement your income? Change Your Life Style. If you have an excessive life style, such as drugs or living beyond your means, seek help as things are only going to get worst. Consider a roommate or moving in with relatives. Seek guidance from your church, community organizations, and Government organizations. Your situation may look bleak, but it is not unique. Many people are and have been in your situation, and they changed their lives with just a little help from others. Consumer Counseling. If you are really ready to make a change in your borrowing habits, there are several reputable organizations that can help you. Visit http://www.easyaccessclub.com/consolidate_debt.html for more tips and featured reputable debt consolidators.
Randy McClure is a web site publisher of http://www.EasyAccessClub.com. EasyAccess Club is an eCommerce resource for discount shoppers, small businesses, and churches. We feature discount online store reviews, hundreds of discount stores, e-commerce news, and resources for doing business online. Visit our other sites: Small Business Online - http://biz.easyaccessclub.com and Church Online - http://www.access-jesus.com.
|
