Yes – Nevada is one of the few states that does not have a state income tax.

No – There is no need to establish a separate checking account.  Your Trust account here works like a checking account and can receive and send funds.

Yes, we do.  We can serve as Trustee of most Trusts.

Yes, we do.  We can serve as Trustee of most Trusts.

In order to satisfy our regulatory requirements to identify our clients, we require a valid government issued picture identification.  We also require a form which will document your contact information.

The concept of asset protection is quite simple.  To obtain asset protection you need to give away ownership of an asset while still maintaining control over the asset.  An example of this concept would be Air Force One.  We all know the President has full control and can take Air Force One wherever he/she wishes to go.  However, the President does not own Air Force One.  If the President were to be sued, Air Force One would never be part of any settlement or judgement because the President does not own that asset.

Yes.  The only way to have true asset protection is to have the trust be irrevocable.

You can retain control over an irrevocable asset protection trust in a few ways.  When drafting the trust, with your Estate Planning Attorney, you will be able to name the individuals who have control over the trust.  One of these roles is the investment trustee/advisor.  This individual or committee has the power to invest the assets of the trust.  You can be named as your own investment trustee or you could name a trusted friend to have this role or even a committee, of which you can be a part.

Another important person to assign to the trust is the trust protector.  This individual has the power to change the situs of the trust and to replace other trustees.