The cover story of this week’s Bloomberg Businessweek Magazine highlights the successful effort of the State of Nevada, Reno in particular, in attracting assets from affluent international families.
The attraction to Northern Nevada includes:
-Nevada’s favorable trust and estate laws
-Experienced attorneys in Reno
-Excellent CPAs and trust companies in Reno
-The overall stability of the US legal system
Privacy and tax concerns also impact the decision to move assets from Europe to Reno. The United States, as well as the money centers of Europe, recognize Nevada as the best jurisdiction for trusts. The growth of the Nevada Trust industry since 1999 has been nothing short of remarkable. A Bloomberg video report and radio report (begins at the 1:34 minute mark) are also available.
Alliance Trust Company of Nevada is proud to be a key player in Reno’s trust industry development since 2005. For information on how Dynasty Trusts, self-settled trusts, and Nevada’s excellent corporate laws may help you achieve your family’s goals, please call Greg Crawford, President of Alliance Trust Company in Reno at 775-297-4684.