Alliance Presentations in San Diego – Recap of the Gathering

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Last month Alliance Trust presented at the Southern California Institute’s annual “Gathering” of elite advisors from around the country in San Diego.  The topics of the two-day seminar included a panel debating the best family trust jurisdictions, and various methods and strategies to minimize and reduce estate, state and federal income taxes.  Advisors discussed asset protection trusts and other Nevada trust options, with case studies on how they work in practice.  As a Nevada Trust Company, Alliance Trust added insight and expertise on these topics from the perspective of a trustee.  Nevada is considered to have the best trust laws in the country, providing families valuable asset protection, flexibility for planning options and tax minimization for generations.  for more information on Nevada Trusts, please call Greg Crawford at Alliance Trust in Reno at 775-297-4684.

Awareness of NING Trusts Growing Nationally

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Nevada Incomplete Non-Grantor Trusts (or, “NINGs”) are growing in popularity and usage across the country.  NINGs provide the grantor of the trust asset protection and the potential to minimize local and state income taxes on investable/intangible assets.  As this NASDAQ.com Article on NINGS, these types of trusts are not for everyone.

However, a family living in a high-income tax state with significant taxable income and appreciated investments (or investments expected to appreciate) can benefit from a NING. This is just one of many Nevada trust planning strategies that makes Nevada the Asset Protection Trust Rankings   If you are interested in learning more about NINGs, please read this Article by attorney Gordon Schaller and call Greg Crawford at Alliance Trust Company in Reno at 775-297-4684.

Californians Using NING Trusts to Protect Assets and Trim Taxes

Lake Tahoe

Alliance Trust Company in Reno has a sizable client base in Silicon Valley, as many prominent residents in this influential area look east to Nevada when doing their estate planning.  Nevada is considered to have the best trust laws in the country, with dynasty trusts, asset protections features and no income taxes in a private, non-public structure.  Many Bay Area residents ski and vacation in Lake Tahoe, so establishing trusts in Nevada doesn’t seem as foreign as it does in South Dakota, or Delaware.  Recently, after an IRS Private Letter Ruling, a new type of trust is rapidly gaining popularity, the NING Trust.  This type of trust, known also as a “Nevada Incomplete Non-Grantor Trust” removes investments in trust from California taxes. In this excellent article by Southern California attorney Gordon Schaller, the detailed options for California residents using NINGs is covered.

 

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