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If you have assets here in the US, you should use a Nevada asset protection trust to shelter those assets from lawsuits.

It does not matter if you live in Nevada, you can take advantage of the wonderful protection that is provided by Nevada laws.

Fortune 500 companies take advantage of Delaware corporate laws even though they are not located in Delaware.

And you can take advantage of Nevada trust laws even though you are not located in Nevada.

Under the Full Faith and Credit Clause of the US Constitution, sister states are required to honor the laws of sister states. So, even if your state does not have asset protection trust laws, the court is required to apply the law of the jurisdiction where the trust is located.

Now, there are practical things you should do to ensure that you take full advantage of the Nevada law. If you have liquid assets, I recommend that you place those assets in the trust through an institution located in Nevada. If you own companies, those companies should be Nevada companies. This isn’t a requirement, but we don’t want to leave the Constitution open to interpretation by a local judge.

If you do not like the idea of having a Nevada trust, what else are you going to do? I have read the statutes of other states, and they do not come close to the carefully crafted laws here in Nevada. While Nevada's laws are not perfect, they are the best thing available.

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