Domestic Asset Protection

  • Nevada Limited Liability Companies
  • Nevada Asset Protection Trusts
  • Single Member LLCs now enjoy “sole remedy” restrictions when it comes to creditors asserting the charging order

All of these domestic structures can protect your assets, but when it comes to using the cash flow from those assets to support your lifestyle, the domestic asset protection structures have severe limitations. A court can always block the use of the cash flow to support the debtor’s lifestyle through a court issued Protective Order, leaving no ability for the debtor to pay his bills. This will result in the lawsuit reaching a much larger settlement because of the financial exigent circumstances.