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The concept of Nevada and why Nevada.

If you live in a high income tax state,  you probably lean forward when you hear Nevada because of its zero state income tax and because of its dynastic feature. Some people don't understand dynastic meaning multi-century and in our case 365 years, where you can have a trust and not pay estate tax.

How could you not pay estate tax for 365 years? What a great concept, but outside of the income and estate tax, what are the other features about Nevada that cause people to lean forward?

Disclosure

This document is provided for informational purposes only by Dunham & Associates Investment Counsel, Inc. solely in its capacity as a Registered Investment Adviser and should not be construed as legal and/or tax advice. Dunham & Associates Investment Counsel, Inc. does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.