Las Vegas Asset Protection Lawyers - Gifts

Asset protection is possible through gifts to children or friends. In doing so, you part with all ownership rights in the gifted property and thereby foreclose any opportunity for a creditor to attach the property in satisfaction of a claim. You can also protect the beneficiary of the gift by transferring the property into a trust for their benefit instead of making a direct gift. It is important to remember, however, that gifts cannot be made to avoid current creditors or future known creditors.

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