Special Needs Trusts: What You Need to Know

Planning for the care of a loved one with special needs or a disability can have its challenges. For example, how can you ensure they are cared for and have everything they need? How can you provide them with assets and avoid jeopardizing their government benefits? 

You can help answer these questions and avoid some of these challenges by setting up a Special Needs Trust.

Continue reading Special Needs Trusts: What You Need to Know

NING Trusts for California

Many methods of income tax planning focus primarily on reducing federal tax liability. Individuals living in high state tax jurisdictions, such as California, also seek to mitigate state income tax. 

With some state income tax rates as high as 13.3%, it can be a significant burden for those with considerable income-generating assets. Establishing a NING trust may help reduce the state tax liability.

Continue reading NING Trusts for California

Charitable Lead Trusts: Types and Taxation

Charitably inclined high-net-worth individuals often want to provide for their philanthropic goals while reducing their tax liability. While there are many different ways to do this, there are some lesser-used options that can create unique opportunities for charitable giving. 

An often underutilized but valuable tool in estate planning is the Charitable Lead Trust.

Continue reading Charitable Lead Trusts: Types and Taxation

Employee Spotlight: Shanna Coressel, Senior Trust Officer

Employeespotlight Shanna

Alliance’s pride is in its people. Although the pandemic has shuttered many businesses and downsized others, Alliance Trust Company’s doors remain open, and the company continues to grow and expand. We’ve more than doubled our staff in the past three years to meet demand, investing in the best and brightest stars to add to our team.

We’re proud to highlight our team and show what makes us different than any other trust company you’ve ever seen. We Are Nevada.™

Continue reading Employee Spotlight: Shanna Coressel, Senior Trust Officer

Employee Spotlight: Natasha Davis, Executive Director of Client Development

Employeespotlight Natasha 1

Alliance’s pride is in its people. Although the pandemic has shuttered many businesses and downsized others, Alliance Trust Company’s doors remain open, and the company continues to grow and expand. We’ve more than doubled our staff in the past three years to meet demand, investing in the best and brightest stars to add to our team.

We’re proud to highlight our team and show what makes us different than any other trust company you’ve ever seen. We Are Nevada.™

Continue reading Employee Spotlight: Natasha Davis, Executive Director of Client Development

What is a Charitable Remainder Trust and How Are They Taxed?

A significant benefit of Charitable Remainder Trusts is that they allow the opportunity for donors to know they will be giving financial support to a favored charity in the future. Charitable Remainder Trusts are commonly used for the purpose of planned giving within a thoughtful and holistic financial plan.

Alliance administers many different kinds of Charitable Remainder Trusts. Learn more about how they are taxed differently than other types of trusts in this article.

Continue reading What is a Charitable Remainder Trust and How Are They Taxed?

STEP Orange County Conference 2019 Session Highlights

Summarizing STEP Orange County 2019, February 4 – 5

Over 225 attendees and 22 exhibiting companies came together at the Fashion Island Hotel in Newport Beach, CA for the Orange County Chapter of STEP’s 8th Annual Institute On Tax, Estate Planning, and the World Economy on February 4-5, 2019.

After a very disappointing Super Bowl on Sunday, the conference kicked off on Monday morning in rainy Southern California. Discussions covered the changes in tax law, including Opportunity Zone Funds, domestic asset protection, and international issues.

Despite the problems in Washington, D.C., the U.S. is still being viewed as an attractive bastion for foreign families given its stability, attractive investment climate, and other benefits.

Continue reading STEP Orange County Conference 2019 Session Highlights

Third Annual STEP Alpine Conference January 17 & 18, 2019 Interlaken, SUI

STEP Alpine 2019 Sessions Recap

A well-attended and lively STEP Alpine Conference recently wrapped up at the Congress Center, Kursall, in Interlaken, Switzerland. Several members of Alliance Trust Company of Nevada attended the two-day event.

Continue reading Third Annual STEP Alpine Conference January 17 & 18, 2019 Interlaken, SUI

Supreme Court to Address State Taxation of Trusts

Why Two State Trust Cases Have Escalated to the SCOTUS and What That Could Mean for Estate Planning

BREAKING NEWS from the Supreme Court in Washington D.C. While much of the estate planning community is at the Heckerling conference in Orlando, the U.S. Supreme Court of the United States (SCOTUS) decided on Friday to grant a writ of certiorari in The Kimberley Rice Kaestner 1992 Family Trust v. North Carolina Department of Revenue case.

Continue reading Supreme Court to Address State Taxation of Trusts

Want us to give you a call?

Let our experienced team help you with your trust needs