Klabacka vs. Nelson sets precedent for Asset Protection in Nevada

The recent Nevada Supreme Court case of Klabacka vs. Nelson has had an unprecedented impact on protective trust laws. Not only did the case defy similar rulings passed down in other states such as South Dakota, Wyoming, and Florida but it also firmly established Nevada as having the strongest asset protection laws in the United States.

The case remarkably upheld the obligation of the defendant to follow through on his court-mandated alimony and child support while maintaining protection of his assets within the trust. This ruling is the first of its kind among the 17 states that allow asset protections trusts to exist.