Nevis Trust for Asset Protection from Lawsuits

How a Nevis asset protection trust works and some of the benefits it provides to defend yourself against lawsuits, creditors and judgements. First, let's talk about some of the advantages, as follows:

1. A creditor must post a $100,000 USD bond with the Nevis government before bringing legal action against an international trust.
2.Unlike most countries, a Nevis trust can last indefinitely.
3.Nevis does not recognize foreign judgments. (In fact, it’s one of the few countries that offer this benefit.)
4.The Ordinance allows you to combine two trusts into one or split one trust into two.
5.If a creditor brings a fraudulent transfer action they must do so within a year of the cause of action - or the reason why the lawsuit was filed in the first place…such as a car wreck. Nevis courts won’t even hear the case. So, it’s in your benefit to set up the trust as quickly as possible and get the clock ticking.
6.In the very unlikely event a creditor files quickly, they will have to post a $100,000 USD bond and prove their case beyond a reasonable doubt and with clear and convincing evidence that the Settlor established the trust to keep money from that particular creditor. This means that if the Settlor set up the trust for any other reason, such as international diversification, estate planning, etc., it would be very difficult for a creditor to prevail. Moreover, the creditor risks forfeiting the $100,000 USD bond.

Now, trust law uses the "step into the debtors shoes" theory. Whatever the debtor could do directly, the creditor can step into his or her shoes and do that same thing. So, that is why it is important that an experienced professional drafts the Nevis trust and that you have a licensed trustee such as our Nevis Law firm.

Now, when we set up a trust, we want to give our clients the remote control. So, the trust owns 100% of a Nevis LLC and we make you the manager. Now, the client is the manager of the LLC which controls the LLC assets and is the initial signatory on all accounts.

Disclaimer: Any information contained herein or in this video has been obtained from sources believed to be reliable. However, it is not offering tax, legal or other professional advice. If such advice is needed the services of the appropriate practicing professional person such as a licensed attorney or accountant should be sought.

Видео Nevis Trust for Asset Protection from Lawsuits канала The Business Guy