Everyone needs an estate plan, so that their wishes for property, charities and heirs are known. It can be helpful to look at what others do to gain insights and ideas as to how one may structure their own plans. Because of regulatory filings for political figures, we have insights into how the Clinton family has structured their estate plan.
It appears that the Clintons have goals common to many families – minimizing taxes, caring for their child, and gifting assets out of the estate. Not many people realize that trust laws vary greatly from state to state. The laws essentially differ on options and choices for the person establishing the trusts, giving the family more options to meet their objectives. Want to ensure that more of your estate goes to charities and your family, rather than to taxes or other threats? Look to Nevada. The Silver State has some of the best trust laws in the country and you don’t have to live in Nevada to establish a family trust here. Call Alliance in Reno at 775-297-4000 for more information.