Strategies
Nexxess Trust Executive Summary
The Nexxess Trust is an irrevocable and complex trust that offers ultimate privacy, tax advantages, and asset protection to its clients from the moment of creation. Unlike living trusts which only bypass probate, Nexxess Trusts offer benefits both during life and after death. Nexxess Trusts are spendthrift trusts which are legal entities that allow for the transfer, control, and management of assets for the benefit of the beneficiaries while protecting the assets from creditors, deferring taxes, and minimizing legal and estate tax complexities.
The trust is structured to be Complex, Irrevocable, and Non-Grantor to protect it from any creditor or IRS claims. The Spendthrift Provision is a critical element of the trust document that protects the corpus assets from creditors, except for a few exceptions. The Discretionary terms and conditions of the trust give the trustee(s) sole and absolute discretion in determining the distribution of the corpus assets to beneficiaries. The trust also maximizes five living benefits: Ultimate Asset Protection, Asset Control, Asset Privacy, Tax Advantages, and Peace of Mind. Finally, the Internal Revenue Code provides specific rules for discretionary trusts, which offer advantages such as not being subject to capital gains taxes when selling assets as long as the proceeds are returned to the Trust corpus.
Make One Phone Call and Sleep Better Tonight
Client Testimonials
What our Honorable Clients think about us?
Ready To Get Started?
Get in touch with us today to get started on your dream journey.