No state income tax
Trust income isn't taxed at the state level in Nevada.
Nevada is one of the best places
in the country to have a trust administered.
First, why a trustee at all
Someone has always had to administer a trust. Naming a family member or friend asks them to keep the records, file the taxes, and treat every beneficiary fairly, year after year. Most people have never done that job.
The work can last for years, and it's usually unpaid. Getting it wrong, even by accident, can create real conflict. We do it professionally so a family member doesn't have to, for good or just as backup.
Nevada's advantages
What Nevada gives you.
No state inheritance tax
Beneficiaries don't owe Nevada inheritance tax.
One of the fastest paths to protection
Nevada gives existing creditors just two years to challenge a transfer, or as little as six months once they discover it.
Dynasty trusts up to 365 years
A trust structure can serve multiple generations without being forced to terminate.
Favorable privacy laws
Nevada doesn't require a trust to be publicly recorded.
For the long run