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?

Estate Planning Tax Changes: What To Expect Under New Administration

Changes to Both Gift and Estate and Capital Gains Taxes expected under Biden’s administration

President Joe Biden presented reform strategies during his presidential campaign creating a prudent need for high net worth families to review their estate plans early in 2021. While campaigning, President Biden proposed several tax changes, with two of them significant estate planning tax changes.

The first is a premature reduction of the gift and estate tax exemption from the Tax Cuts and Jobs Act of 2017. The second is ending the step-up in tax basis for capital gains taxes on inherited property. Let’s take a look at both.

Continue reading Estate Planning Tax Changes: What To Expect Under New Administration

Part 2: Asset Protection and Nevada Asset Protection Trusts, Frequently Asked Questions

Examining Nevada Asset Protection Trusts: Common Questions Our Trust Officers Receive

In Part 2, we examine typical questions regarding Nevada Asset Protection Trusts. Nevada Asset Protection is sought after globally, and among the primary reasons estate planners look to Nevada as their preferred trust jurisdiction.

In part 1, we answered six general questions we often receive about Asset Protection Trusts in general.

Continue reading Part 2: Asset Protection and Nevada Asset Protection Trusts, Frequently Asked Questions

Part 1: Asset Protection and Nevada Asset Protection Trusts, Frequently Asked Questions

Six Common Questions Regarding Asset Protection Trusts

Part 1 focuses on general Asset Protection Trust questions we often receive from families and advisors. Part 2 focuses on Nevada Asset Protection Trusts.

Continue reading Part 1: Asset Protection and Nevada Asset Protection Trusts, Frequently Asked Questions

Want us to give you a call?

Let our experienced team help you with your trust needs