Atkinson Law Associates Offering Nevada Asset Protection Trust Services At Competitive Prices

2024-12-20 08:35:36 Legal / Law

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Asset protection trusts is a necessity for high earning professionals with vulnerability to litigation. However, creating and maintaining asset protection trusts is a complicated and time-consuming task and hence, better left for the professionals to accomplish. Atkinson Law Associates, an illustrious law practice specializing in estate planning, has been serving the asset protection trusts requirements of such professionals and businesspersons for the past five years with diligence. A vision of Robert Atkinson, Esq., an accomplished attorney, the law practice has a wide acceptance and a sizeable clientele constituted by doctors, dentists, lawyers, developers, entrepreneurs and so forth.

With the intent to offer insight into Atkinson Law Associates? service portfolio, one of its attorneys recently stated, ?For the past half a decade, Atkinson Law Associates has been dedicatedly helping individuals with their estate planning endeavors. Hence, we have the desired wherewithal to create and maintain Nevada Asset Protection Trusts, Revocable Family Trusts, Irrevocable Trusts, Wills, Health Care Power of Attorney and Asset Management POA. We dedicate all our resources to deliver customized solutions tailored to the client?s specific needs whilst charging reasonably.?

Atkinson Law Associates? success can be primarily attributed to its founder Robert Atkinson?s remarkable abilities as an attorney and leader. A Montana native, Mr. Atkinson has an enviable academic background. The endowed professional has gained J.D. from Georgetown University, MBA degree in Finance from Carnegie Mellon University and B.S. in Physics, with minors in Math and Economics from Montana State University. Given the extensive background in business, accounting and real estate, Mr. Atkinson can handle even the most complex of asset protection trusts with a nuanced approach.

Shedding light on the Nevada Asset Protection Trust, the attorney further stated, ?Nevada Asset Protection Trust, more often referred to as NAPT, is a robust irrevocable trust meant to protect assets from creditors and liabilities. The trust is formed when three parties ? the grantor, the trustee and the beneficiary ? enters a legal agreement. The grantor is the one who creates the trust, while the trustee manages the assets and the beneficiary benefits from the trust assets. However, NAPT is different from asset protection trusts applicable in other states of the US. Contrary to other states, the NAPT permit a self-settled trust with maximum asset protection.?

In a NAPT, the grantor can be the beneficiary, provided there are at least two trustees namely ?distribution trustee? and ?investment trustee? to manage affairs of the trust. The former manages distributions to beneficiaries and the latter is in charge of managing the trust?s assets. Additionally, the NAPT restricts beneficiaries from crediting money into their own account or make any sort of distribution. Moreover, the trust does not permit the inclusion of a spouse of the grantor as a distribution trustee. It has to be a third person, preferably a relative or a close friend. Atkinson Law Associates has expertly handling NAPT since its inception and can keep Nevada Asset Protection Trust Cost within manageable proportions.

About Atkinson Law Associates:

A local law firm with five years of experience, Atkinson Law Associates specializes in setting up Nevada Asset Protection Trusts, Revocable Family Trusts, Irrevocable Trusts, Wills, Health Care Power of Attorney and Asset Management POA. In form of Robert Atkinson, Esq., the firm has services of the top Trust Lawyer in Las Vegas NV.