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At the end of last century, the Department of the Treasury led the way in making foreign trust popular. This may seem ironic given the Swiss bank account investigations. But, now, the Treasury Department allows the foreign trust tax status for domestic trusts.
Such a trust is a foreign trust for income taxes while remaining a domestic trust for probate purposes.
A domestic trust becomes a foreign trust by simply inserting a "flee clause" (a requirement that the trust flees the US to a foreign country if a creditor tries to get the trust assets)- more on this link.
By placing the trust in Nevada, you will have an asset protection trust. By combing the asset protection laws of Nevada (which are the best in the Country) with a flee clause, you have the maximum asset protection.
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