Neil Schoenblum

Contributor

Neil E. Schoenblum, JD, LLM, TEP, is Senior Vice President, Wealth Management at First American Trust of Nevada, LLC, where he is responsible for the efficient administration of trust accounts for high-net-worth clients. Neil currently serves as President of the Southern Nevada Estate Planning Council and previously as the ABA Young Lawyers Division’s Vice Chair to the Committee on Real Property, Probate and Trust Law. He can be reached at 702-784-7611, at nschoenblum@firstam.com, or at First American Trust’s website, firstamtrust.com.

The Nevada Advantage: Why Nevada has Become the Leading Jurisdiction for Trusts

Many people would rank Nevada as the leading jurisdiction for trusts. The opportunities found under Nevada law have prompted numerous estate planners and financial planners to situs their clients’ trusts in Nevada to take advantage of the advantages that Nevada offers that are not available in most other states. This article will highlight many of these opportunities. It is no longer sufficient to simply use the client’s home state as the trust situs.

Nevada Domestic Asset Protection Trusts[i]