Nevada’s Trust Advantages
Bessemer Trust Company of Nevada, N.A., offers clients the opportunity to benefit from Nevada’s progressive and highly protective trust laws.
The state’s sophisticated and progressive trust laws offer numerous advantages compared with other states when it comes to protecting your wealth, maximizing trust customization, and achieving your wealth transfer goals.
Nevada Trusts: Maximize Asset Protection and Estate Planning Flexibility
Directed Trusts for Flexibility and Control
Assign administrative duties to a corporate trustee and appoint an advisor to oversee investments and distributions. This allows for investment flexibility.
Receptive Courts
Nevada’s judiciary is uniquely engaged and willing to hear trust matters — including modifications — providing reassurance that your wishes will be upheld as intended.
Confidentiality via Quiet Trusts
Nevada law permits the use of silent trusts, which can defer the sharing of information with beneficiaries until certain conditions are met. When combined with a hands-off court, quiet trusts allow for confidential trust administration.
Enhanced Tax Savings
There is no state income tax on trust income or capital gains, and no indirect taxes. Proper planning with a Nevada trust can help reduce or eliminate state and federal transfer taxes.
Enhanced Protection of Trust Assets
Assets placed in properly structured Nevada trusts enjoy robust protections against creditors.
