Montana

Montana gives a sound $100,000 exemption to homesteads, and protects properly structured life insurance policies along with some pension plans. However, annuities are only protected for a nominal $350 per month. Otherwise, Montana is another unremarkable debtor-creditor state.

Nebraska

The state of Nebraska is a creditor-friendly state which offers minimal homestead protection (sharply contrasting with its neighbors, Iowa and Kansas, which offer unlimited homestead exemptions), and has little protection for life insurance.

Nevada

Taking advantage of California’s business-hostile environment and the fact that it is funded through casino taxes, Nevada has become one of the nation’s leading "domestic" debtor havens. Nevada’s Limited Liability Company and Domestic Asset Protection Trust legislation is second-to-none. On the other hand, the statutory creditor protections are rather poor.

Everyone should be aware of the facts that there are many scam artists who are doing big business in Nevada by selling asset protection schemes and other various tax scams.

New Hampshire

The state of New Hampshire offers modest protection to homestead, and little protection to life insurance.

If you would like more information regarding asset protection, trusts, family limited partnerships or the subject of this article please call or email our office.