Wednesday, August 18, 2021
David A. Diamond, President of The Northern Trust Company of Delaware and Adviser to The Northern Trust Company of Nevada has provided wealth management tips regarding Nevada Trusts in a paper titled, Nevada Trusts: Safeguarding Personal Wealth (2021). Provided below is an Introduction to the Paper:
Many families and their advisers have found the State of Nevada to be a trust- friendly jurisdiction that promotes modern laws and enjoys attractive income tax advantages. This paper highlights the most significant legal and tax benefits for Nevada residents and nonresidents alike, and their professional advisers, who may be considering whether to establish a trust in Nevada.
The Northern Trust Institute brings the breadth and depth of the firm to address the increasingly complex and sophisticated wealth management needs of our clients and their advisers. Informed by the latest insights and continually vetted through feedback, our advice is grounded in real-world outcomes and backed by proven credibility.
We believe you will find this information helpful as you work to create meaningful legacies.
Special thanks to Joel C. Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.