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The Wall Street Journal recently wrote about a popular strategy involving trusts in Nevada and a handful of other states.  The NING trust, which stand for “Nevada Incomplete Non-Grantor” Trusts shift investments from the home state to Nevada,which has no state-level income tax.  For people in California and other high-tax states, this can be a very powerful strategy.  As the article notes, there are a few considerations and risks, but for those with sizable portfolios, and angel and venture capital investments, using a NING to hold these investments can trim or even eliminate local-level taxes.  Nevada is consider the best state in the country to establish your family trust and has received an A+ from Forbes magazine for its trust laws.  You do not have to live in Nevada to establish a trusts here.  Please call Greg Crawford, Co-Manager of Alliance Trust in Reno at 775-297-4684 for more information.

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