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.
Continue reading Alliance Presentations in San Diego – Recap of the Gathering →
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.
Continue reading Awareness of NING Trusts Growing Nationally →
Alliance Trust Company of Nevada recently participated in a 90-minute discussion panel covering the topics of asset protection planning and the impact of the Uniform Voidable Transfer Act (UVTA).
Continue reading Alliance Trust Proud to Participate in Prestigious UCLA Law Panel →
Why is Nevada considered the best state to establish your family trust? Nevada trust laws offer a lot of benefits that most other states do not offer.
For many families, it comes down to a few factors, including protecting their assets for their beneficiaries, reducing taxes, and flexibility in planning strategies.
Continue reading Nevada Asset Protection Trusts – The Best of the Best →
Family dynamics can always be challenging but are even more so in blended families. Friction between ex-spouses and children from other marriages can boil over when parents pass away. If proper estate planning is not done in advance, the courts step in to divide family assets. This is never an easy situation, and in the case of blended families, this process can create great animosity. Well regarded Nevada estate planning attorney Scott Halvorsen recently wrote an excellent article on this topic. Nevada has some of the best trust and estate laws in the country and may give you more options and strategies that your home state laws. If you have questions about how estate planning topics impact your family, please call Alliance Trust in Reno at 775-297-4000.
As this article in the Economist just noted, another attempt to diversify the tax base in California failed when lawmakers passed a $115 billion dollar budget on June 19th. The revenues recognized by the state continue to be highly cyclical, and dependent on high-income earners and capital gains. With a recovering economy, things are currently going well in the Golden State. However, the portion of the revenue raised via income taxes is cyclical) continues to increase and the top 1% of wage earners pay over half of the taxes in the state. All of this suggests that future taxation policies in California will not change, and the chances of Proposition 30’s higher tax rates sun setting in 2018 is next to zero. If you are in a high tax bracket in California, one strong option to consider is to move your intangible assets (investments) to Nevada via trust. As its own tax-paying entity in Nevada, your family trust (a NING Trust) would not be subject to California taxation. Please call Alliance Trust in Reno at 775-297-4000 for more information. Nevada has some of the best and most flexible trust laws in the country – it is worth a phone call to find out if Nevada has options for your family.
Muchas personas se trasladan como parte de su carrera profesional o cuando se jubilan a climas y entornos fiscales más favorables. Es casi un tópico cómo los neoyorquinos se jubilan en Florida y cómo los californianos se mudan a Nevada. De hecho, Florida acaba de superar en población a Nueva York y Nevada es ahora el segundo estado de mayor crecimiento del país. A menudo se pierde en la emoción de un nuevo capítulo en la vida, la necesidad de actualizar su plan de sucesión. Un excelente artículo del abogado de Nevada Scott Halvorsen aborda la cuestión aquí. Por supuesto, su plan de sucesión siempre debe ser revisado al comprar o vender una propiedad, pero también para cuestiones críticas adicionales relacionadas con su testamento vital/directivas de atención médica. Las leyes de planificación patrimonial varían significativamente de un estado a otro, y todos los aspectos de su plan deben ser revisados cada vez que uno se traslada. Se considera que Nevada tiene las mejores leyes de planificación patrimonial y fideicomisos del país. Para más información, póngase en contacto con Alliance Trust Company en Reno, llamando al 775-297-4000.
Muchas personas son beneficiarias de fideicomisos familiares con cláusulas anticuadas y disposiciones que ya no tienen sentido. Sin embargo, muchas personas también creen que están «atrapados» con los términos del fideicomiso y que simplemente tienen que vivir con ellos independientemente de seguir adelante. Esto no es cierto. Algunos estados, entre ellos Nevada, permiten modificar incluso un fideicomiso irrevocable. Se pueden hacer modificaciones para ampliar la duración del fideicomiso, cambiar su sede y añadir o modificar poderes de nombramiento. Como señala este reciente artículo de la revista Forbes, incluso podría ahorrar impuestos para el fideicomiso como parte de este proceso. Se considera que Nevada tiene algunas de las mejores leyes sobre fideicomisos del país y cuenta con estatutos muy flexibles para modificar los fideicomisos. Para más información, llame a Alliance al 775-297-4000.
Although a divorce is a legal proceeding, it is often easy to forget that aspects of your financial affairs need to be updated afterward. Updating your will, power of attorney, and healthcare proxies are all essential steps to prevent issues with an ex-spouse appearing for your heirs. Designated beneficiaries on retirement accounts and insurance policies is often a step that is overlooked and is a potential problem if an ex-spouse is named as the beneficiary. When updating your documents, ask your attorney about estate planning strategies in Nevada. The state is considered to have some of the finest trust laws in the country, and depending on your circumstances and objectives, a trust in Nevada may better protect your assets, charitable interests, and future heirs. Call Alliance Trust in Reno at 775-297-4000 for more information.
Muchas personas creen que una vez que un fideicomiso se convierte en irrevocable, no hay nada que se pueda hacer para cambiar y arreglar disposiciones anticuadas del fideicomiso familiar. Eso no es correcto. Algunos estados, entre ellos Nevada, cuentan con «disposiciones de decantación» que permiten modificar los fideicomisos irrevocables trasladando los activos del antiguo fideicomiso a un nuevo fideicomiso modernizado. El nuevo fideicomiso puede tener una mayor protección de los activos y/o ventajas fiscales. El proceso deja atrás las disposiciones fiduciarias no deseadas, como se dejan sedimentos al decantar el vino. La decantación puede hacerse rápidamente en Nevada, con un coste mínimo. Alliance Trust Company copresentará una ponencia en el Gathering de San Diego a finales de mes. Si está buscando opciones para modificar un fideicomiso irrevocable, en Nevada tiene muchas opciones que puede que no tenga en su estado de origen. Se considera que Nevada cuenta con algunas de las mejores y más flexibles leyes fiduciarias del país y es una de las jurisdicciones más favorables para la decantación. Llame a Alliance Trust Company al 775-297-4000 para obtener más información.
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