Charging Orders, State Exemptions and Other Related Laws

From Nevada Lawyer Magazine - Nevada State Bar:

In addition to trust laws, Nevada has many laws not directly aimed at trusts which not only facilitate holistic estate and asset protection planning, but bolster overall trust-settling opportunities. For example, Nevada law provides for certain chargingorder- protected entities such as the limited partnership (LP), limited-liability company (LLC), and closely-held corporation. Nevada law protects the owners of such state-recognized entities from all forms of judicial remedies except that of the charging order.

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David M. Grant and Jeremy K. Cooper are estate planning attorneys at Jeffrey Burr, Ltd. in Las Vegas. They gratefully acknowledge the valuable insights and comments provided by Layne T. Rushforth, Esq. and J. Douglas Clark, Esq. in preparing this article.


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