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Hard work pays off. So why not protect it? We know that you worked hard your entire life. We agree that you deserve to enjoy the fruits of your labor and retain your wealth for the benefit of your loved ones. Our legal tools put us in the position to protect and preserve your hard-earned assets. Get in touch with a LVNV asset protection lawyer at LVNV Legal | Injury Law Firm for guidance.
A trust is a legal tool that holds your assets in accordance with rules that you establish when you create the trust. The trust and the assets placed in the trust are managed by a person called the “trustee” (could be multiple trustees), who is obligated to follow the guidelines set in the trust document that you and your lawyer create.
The trust holds the assets for the benefit of people that you specifically name called the “beneficiaries.” Trusts can be arranged in many ways and can specify exactly how and when the assets are used and passed to the beneficiaries. Trust laws are very intricate and require a keen legal mind to navigate.
This means that your beneficiaries gain access to the trust assets quicker than through a will and probate. The cost of probating alone can amount to thousands of dollars and requires court intervention that can be expensive and time consuming.
This means that fewer taxes may be due upon your death.
This means that you can specify the terms of a trust precisely, controlling when and to whom distributions may be made. You may also, for example, set up a revocable trust so that the trust assets remain accessible to you during your lifetime while designating to whom the remaining assets will pass thereafter, even when there are complex situations such as children from more than one marriage.
This means that you can help protect your estate from your heirs’ creditors or from beneficiaries who may not be adept at money management, such as young children or irresponsible adults.
Because probate is a matter of public record, this benefit means that your assets may pass outside of probate and remain private, in addition to reducing the amount lost to court fees and taxes in the process.
Fundamentally, asset protection utilizes a wide range of strategies and legal tools that work together for the purpose of reallocating and shielding your assets. An asset protection lawyer will review your assets, risks, need and goals; and create legal “vehicles” (such as trusts) that fit your circumstances.
The Nevada Asset Protection Trust (“NAPT”) is a unique tool that protects your wealth from creditors. It should be used as a “Rainy Day Fund,” and should not be funded with assets that you and your family use to live. Nevada is one of only a handful of states that allows you to set up a discretionary, spendthrift trust for your own benefit. In order to protect the trust from creditors, the NAPT is structured with a Family Trustee (investment trustee) and an Independent Trustee (distribution trustee). In Nevada, the Family Trustee can be the same person who creates the NAPT, which is another beneficial element.
Lawsuits come for people with deep pockets. Lawyers and plaintiffs alike know that it makes no sense to sue someone if there is nothing to recover. For those of us who have money in the bank, own real and personal property, and possess other assets that we have accumulated over years of hard work, it is vital to be protected from predatory creditors and overzealous lawyers.
At LVNV Legal | Injury Law Firm, we understand trusts and will use our knowledge to protect your assets and secure your family’s future. And because every trust has its own features and characteristics to consider, we will work together to create the most fitting trust document. Take a proactive approach to preserving your assets, and take comfort in knowing that our team can help protect and preserve your hard-earned property and money.
I consulted with Mr. Segal on a business matter, and found him to be very detail-oriented and analytical. His legal knowledge and thorough analysis enable him to strategically position clients for success. I also found that he conducts himself in a professional manner and truly cares about his clients' interests.
Shoham's keen analytical mind, strong business sense and straightforward approach to litigation makes him a strong force to be reckoned with if you ever have to face him in the courtroom, and an even stronger ally to have when working on a case with complex legal issues. I endorse this lawyer.
Mr. Segal has handled several real estate deals for our company. His service is always professional, efficient and prompt. His response time is very quick and helpful. looking forward for working with him in the future. Best experience!
Shoham was kind, patient and knowledgeable in explaining how to qualify my mother for Medicaid long term care. I did not even know my mother was eligible. There are so many aspects to paying for long term care that so many people — including myself — do not know about. One would be lucky to have this firm in your corner navigating you through it.
Knowledgeable, professional and patient. Mr. Segal was always available to us and was able to take care of all of my family’s legal needs. I am so grateful that he was there to guide us through everything. Highly recommended!
Shoham has been handling my foreclosure case and I am beyond satisfied with the results so far. Beyond being very knowledgeable and professional, Shoham is very accessible and his demeanor is of an attorney who thoroughly calculates and strategizes his every move. I highly recommend to anyone in need of a lawyer for any sort of litigation.
My parents don't know much about the best way (or any way) to plan their estate. My sister and I have been trying to get them to figure things out for a decade but they never do because it made them too nervous. I got recommended to Mr Segal by a friend and now the ball has started rolling! He made my parents feel comfortable...
Great legal office, all the staff were very attentive to our needs. Shoham was a pleasure to deal with.
Was wonderful working with Shoham. He was very professional, on point and always available. Thank you for the great service!
Always available, show endless knowledge, friendly & trust worthy - Thank You for your great continuing service!!!
I had the pleasure of working with Shoham and his firm. Very professional and knowledgeable with excellent communication. Got the job done and I got paid! Very happy with the result! Highly recommended