Nevada Trust Advantages with Alliance
Alliance Trust Company is a full service trust company licensed and located in the State of Nevada which offers trust clients and financial advisors a flexible trustee available to serve in multiple capacities based on the needs of the client.
Alliance Trust Company offers a non-custodial model for custody of financial assets and securities using a variety of the most popular advisor platforms such as Schwab Institutional, Fidelity Investments, Pershing, TD Ameritrade and other brokerage platforms to hold client securities.
Clients not only enjoy the safety of a regulated Nevada trust company, but also the safety of knowing that their assets are held by an independent third party with Securities Investor Protection Corporation (SIPC) coverage for each account. In many cases, these broker dealer custodians carry private insurance above and beyond the SIPC limit. Advisors are able to use their preferred custodian for management of the trust account and not be required to work with inflexible arrangements used by other trust institutions.
Alliance Trust Company provides clients with access to some of the most wealth friendly laws available in the United States, and Alliance Trust Company works with advisors to provide flexible and effective solutions for their clients in a variety of capacities. Alliance Trust Company is a unique Nevada trust company built by former advisors for advisors with the goal of providing superior service and flexibility. Furthermore, Alliance Trust Company understands the effect excessive fees and charges can have on trust accounts and seeks to maximize the value of our services for each client.
Nevada Asset Protection Trust
In 1999, the State of Nevada passed laws which provide for the use of self-settled spendthrift trusts. The laws were strengthened in 2009, providing additional guidance to settlors and advisors. These trusts, also referred to as domestic asset protection trusts, allow a grantor to place assets into an irrevocable trust and remain a beneficiary of that trust.
The state statutes require the use of an independent trustee before distributions can be made to the grantor. The assets are generally secure from the claims of creditors after the statute of limitations of two years (the shortest of all states) from the date of transfer or for an existing creditor, six months after the creditor discovers or reasonably should have discovered the transfer, whichever is the later.
The statute requires the trustee or at least one independent co-trustee to be a Nevada resident, or a Nevada financial institution with trust powers. Alliance Trust Company qualifies as a Nevada financial institution able to serve as an independent trustee.
