Larry Ellison Sells a Lake Tahoe, Nevada Property for $20 Million


Wealthy Californians have relocated and reshaped Nevada for generations.  Automotive magnets, technology pioneers, and entertainers all seek to benefit from Nevada’s Structural Alpha.  The attractive business environment and the best trusts laws in the country offer Californians the opportunity to better protect their families and charitable interests, while also minimizing taxes (free download of strategies here).  The calm cool breezes in Lake Tahoe and a myriad of entertainment and dining options in Las Vegas don’t hurt either. It looks like another sale of a property is bringing in another new Californian to Nevada with the sale of one of the premier properties on the Nevada side of Lake Tahoe.  The transaction, announced by the Wall Street Journal today, was curiously structured into a California LLC (Nevada has more favorable LLCs laws than CA).  We at Alliance suspect that this will be corrected shortly.  People of all levels of wealth regularly use Nevada in their estate planning.  For more information on how your family can benefit from Nevada laws, without requiring relocation, please contact Alliance Trust in Reno at 775-297-4000.

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