Homestead Exemption

Subject to taxes and Medicaid debts owed to the Department of Health and Human Services, there is a Homestead exemption of $350,000. To view this statute, please click here.

Life Insurance and Annuities

Life Insurance premiums and annuity benefits are exempt with certain limitations.

Life insurance policies and the proceeds and avails (cash surrender value) of such policy are exempt, if the annual premium does not exceed $15,000.  To see this statute, please click here.

A different exemption comes into play if the annual premium exceeds $15,000.  To see this statute, please click here. NRS 21.090(k)

Policies of group life insurance or health insurance and the proceeds thereof payable to the insured and the insured’s beneficiaries are exempt.  To see this statute, please click here.

Subject to limitation, annuity contract proceeds are exempt; if the proceeds are in excess of $350 per month, the excess, after a determination by the court taking into consideration reasonableness for debtor and debtor’s family, is subject to claims of creditors.  To see this statute, please click here.

IRA

With a $500,000 limitation, ERISA qualified plans are exempt.  To see this statute, please click here.

Disability and Health Insurance

Unless otherwise stated, proceeds and avails from health insurance contracts which are supplemental to life insurance or annuity contracts are exempt.  To see this statute, please click here.

Corporate Protections

Charging Orders

Under the Uniform Partnership Act, a judgment creditor may charge the debtor-partner’s partnership interest with payment of any unsatisfied amount with interest.  Nothing in this Act shall deprive a partner of his/her right regarding his/her partnership interest.  To see this section of the Act, click here.

Under the Uniform Limited Partnership Act, a judgment creditor may, as its exclusive remedy, charge the debtor-partner’s partnership interest with payment of any unsatisfied judgment debt with interest.  The judgment creditor will have only the rights of an assignee of the partnership interest.  To see this section of the Act, click here.

Business Acts

1.      Nevada Private Corporations Act

a.      To view this statute, please click here.

2.      Nevada Uniform Partnership Act

a.      To view this statute, please click here.

3.      Nevada Limited Liability Company Act

a.      To view this statute, please click here.

4.      Nevada Limited Liability Partnership Act

a.      To view this statute, please click here.

The Asset Protection Society makes every attempt to keep the material on its web-pages up to date and accurate. Having said that, The APS does not warrant the material on this site and you should ALWAYS seek out the advice of a local advisor in your state who can give you individual advice for your particular situation and confirm the status of your state laws.