Nevada Becomes America’s Safest State for Wealth Protection
On May 25th, the Nevada Supreme Court reaffirmed that Nevada has the most protective trust laws in the nation, by rejecting Lynita Sue Nelson’s claim for alimony and child support to be taken out of a self-settled spendthrift trust established by her husband, Eric L. Nelson. The court ruled that Nelson still had to pay $800,000 in alimony, back child support, and tuition for his daughter’s private school education, but out of his personal assets, not the trusts he had established.