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.