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 spends significant time in Silicon Valley. Our clients range from early-stage Angel investors, the founders of many fast-growing technology firms, and the partners of some of the most prestigious venture capital firms in the world. Why are so many people connected with Sand Hill Road using Nevada Trust strategies?
In a word: Flexibility.
Continue reading Why Sand Hill Road Uses Nevada Trust Strategies →
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 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.
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.
The Wall Street Journal recently wrote about a popular strategy involving trusts in Nevada and a handful of other states. The NING trust, which stands for “Nevada Incomplete Non-Grantor” Trusts shifts 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 considered 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 trust here. Please call Alliance Trust in Reno at 775-297-4000 for more information.
The Wall Street Journal and numerous other media outlets are reporting that the State of the Union address on Tuesday will outline a proposal by the President to effectively increase estate taxes. In the proposal, appreciated assets in an estate would not receive an updated or “stepped up” tax basis on death. Only a small amount of gains suggested as $200,000 in portfolio assets and $500,000 in a primary residence would be shielded from tax. Although these numbers may seem large, ask many families what their tax-cost basis is in desirable places to live, such as Silicon Valley and other parts of California, and you will see that this proposal would capture many more families with a taxable event on death even without a formal change to the estate tax rules. There are many estate planning strategies that can help families facing estate tax burdens. Some of the best strategies use Nevada Trusts – the best state for asset protection and tax minimization. Please call Alliance at 775-297-4000 for more information.
Alliance Trust apareció en el New York Times el fin de semana, debatiendo la cuestión de los «fideicomisos perpetuos». El enlace al artículo se encuentra aquí. El derecho fiduciario de Estados Unidos evolucionó a partir de Inglaterra, que mediante la jurisprudencia estableció la «Regla contra las perpetuidades» en 1682. Esta ley, perfeccionada por casos futuros, limitó efectivamente la duración del fideicomiso a aproximadamente 90-100 años. Recientemente, muchos estados y países extranjeros han derogado la norma o han ampliado la duración de los fideicomisos mucho más allá de la reliquia legal de la norma. Los fideicomisos de Nevada pueden durar hasta 365 años. Alliance analiza cómo reaccionaría un tribunal de Nevada si otro tribunal se declarase competente sobre un fideicomiso de Nevada, y cómo protege Nevada su sector de fideicomisos y sucesiones. Alliance ha trabajado durante años con la legislatura para mejorar y proteger lo que muchos consideran las mejores leyes fiduciarias del país. Si tiene preguntas sobre cómo un fideicomiso en Nevada podría beneficiarle a usted y a su familia durante generaciones, llame a Alliance Trust Company al 775-297-4000.
At Alliance Trust Company in Reno, we are often asked “what is an asset protection trust and why is Nevada the best place for such a trust?” We partnered with nationally-recognized attorney Scott Gunderson to answer these questions in two brief one-minute videos. Nevada asset protection trusts better protect your family and charitable interests, trim taxes, and can last for generations. You do not have to be a resident of Nevada to establish one of these trusts. Please call Alliance at 775-297-4000 for more information.
By providing my phone number to “Alliance Trust Company, LLC”, I agree and acknowledge that “Alliance Trust Company, LLC” may send text messages to my wireless phone number for any purpose. Message and data rates may apply. We will only send one SMS as a reply to you, and you will be able to opt out by replying “STOP”. For more information on how your data will be handled please visit https://alliancetrustcompany.com/privacy-policy
