Before I went to law school, I believed a lot of misconceptions about the term “asset protection.” I blame that on spy movies! Thanks to James Bond, I thought keeping your money safe from creditors meant dealing with shady tax advisors, stuffing a suitcase full of cash, and smuggling it to the Cayman Islands or another remote tax shelter. But that’s not the case at all. Here in Nevada, not only are there local, legal ways for residents to protect certain assets from creditors, but the legislature also actually encourages you to take advantage of them.