| What is asset protection?
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| | businesses but other types of assets that
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| Asset protection is the legal safeguard
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| | can be attached by creditors. Nevada
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| of your assets. Every state has enacted
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| | corporate law and Nevada licensing rules
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| laws which allow individuals to legally
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| | make it very easy to create a corporate
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| protect their assets from future
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| | entity to protect assets of a business.
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| creditors. Asset protection is not an
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| | Whether that business is the operation of
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| attempt to defraud creditors, which is a
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| | a multimillion dollar company, a rental
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| criminal offense. Asset protection is not
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| | property, or a dog sitting business,
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| hiding your assets; it is a properly
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| | setting the business up as a separate
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| structured plan which allows the debtor
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| | entity can protect your individual assets
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| to reveal the nature and structure of the
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| | from creditors in the event your business
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| plan without sacrificing its integrity.
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| | is found liable for damages in a civil
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| Why do I need to protect my assets?
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| | litigation.
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| Sadly, legal action has become a part of
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| | Other asset protection devices- A
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| our daily lives. Whether you are a
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| | properly drafted Nevada contract can
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| millionaire real estate investor or a
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| | protect your assets by including strong
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| single family home property owner, you
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| | indemnification language which requires
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| should protect the assets you strive so
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| | the other party to protect you in the
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| hard to gain. Even the most careful
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| | event of litigation. Prenuptial
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| individual can be involved in an accident
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| | agreements can also be a strong tool in
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| that can lead to a litigation action that
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| | protecting your assets. A well drafted
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| may leave them open for liability. Being
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| | prenuptial agreement can prevent future
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| proactive can save you thousands of
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| | issues leading to the loss of assets,
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| dollars and protect the assets you work
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| | Nevada divorce, and child support issues.
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| so diligently for.
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| | Offshore trusts can also work as
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| Types of protection
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| | important asset protection tools.
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| While there are legal, financial, and tax
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| | These are just a few types of asset
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| consequences of each of the following
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| | protection tools that can be implemented
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| types of asset protection that should be
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| | by a licensed Nevada attorney to shelter
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| discussed with legal representation we
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| | your assets. You should consult a Nevada
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| have listed a few to start you thinking
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| | lawyer and develop a plan that helps you
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| about your options.
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| | to keep the assets which you work so hard
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| Estate Planning- Recent events in the
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| | to procure. If you have any questions
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| Terri Shrivo case have highlighted the
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| | regarding this article or would like to
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| importance of estate planning. This case
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| | discuss asset protection with one of our
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| demonstrates not only the financial
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| | attorneys, please call us at
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| impact of assets protection, but also the
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| | (702)448-4962 or visit our web site at
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| emotional issue that can arise when a
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| | to set up a free consultation.
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| person has not created estate documents.
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| | Disclaimer: The McDonald Law Group
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| The most common type of estate planning
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| | provides the information in this web site
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| protection is the creation of trusts.
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| | for informational purposes only. The
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| Trust creation is cost effective and
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| | information does not create an
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| easy. The creation of a trust can protect
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| | attorney-client relationship constitute
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| assets for future generations.
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| | legal advice. Please contact our
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| Corporate Formation- Corporate formation
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| | attorneys if you wish to discuss in more
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| should be used to protect not only
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| | detail the contents of this web site.
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