Clarity From Klabacka

Nevada Supreme Court upholds spendthrift protection.

Domestic self-settled spendthrift trusts (SSSTs) have been on the scene since 1997. The statutes of 17 states now expressly permit a settlor to establish a trust for his own benefit and protect assets placed within the trust from creditors.1 

In the 20 years since their inception, few published court decisions have addressed whether these trusts provide the intended protection. That leaves the advisor without many clear answers to the client’s inevitable question

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