From political instability to increased international reporting requirements, non-U.S. families from across the world are benefiting from establishing trusts in the United States, particularly in Nevada.
Each state in the United States is a unique trust jurisdiction with varying trust laws. Over the past couple decades, Nevada has made a name as a top U.S. trust jurisdiction for both U.S. and foreign families.
Asset Protection
Exception Creditors
Dynasty Trust Provisions
Directed Trusts
State Income Tax
Private Trust Companies
2-Year Statute of Limitations
Non-Exception Creditors; State Supreme Court Precedent
365 Years
Yes
No State Income Tax; Constitutionally Prohibited
Regulated and Unregulated Permitted; Low Requirements
4-Year Statute of Limitations
Exceptions for Marital and Tort Claims
Perpetual
Yes
No State Income Tax; By Statue
Permitted, High Requirements
2-Year Statute of Limitations
Exceptions for Marital and Child Support Claims
Perpetual
Yes
No State Income Tax
Regulated Permitted; Low Requirements
4-Year Statute of Limitations
Exceptions for Marital and Tort Claims
1000 Years
Yes
No State Income Tax
Regulated and Unregulated Permitted; Low Requirements
Asset Protection
2-Year Statue of Limitations
Exception Creditors
Non-Exception Creditors; State Supreme Court Precedent
Dynasty Trust Provisions
365 Years
Directed Trusts
Yes
State Income Tax
No State Income Tax; Constitutionally Prohibited
Private Trust Companies
Regulated and Unregulated Permitted; Low Requirements
Asset Protection
2-Year Statue of Limitations
Exception Creditors
Non-Exception Creditors; State Supreme Court Precedent
Dynasty Trust Provisions
365 Years
Directed Trusts
Yes
State IncomeTax
No State Income Tax; Constitutionally Prohibited
Private Trust Companies
Regulated and Unregulated Permitted; Low Requirements
Asset Protection
2-Year Statue of Limitations
Exception Creditors
Non-Exception Creditors; State Supreme Court Precedent
Dynasty Trust Provisions
365 Years
Directed Trusts
Yes
State Income Tax
No State Income Tax; Constitutionally Prohibited
Private Trust Companies
Regulated and Unregulated Permitted; Low Requirements
Asset Protection
2-Year Statue of Limitations
Exception Creditors
Non-Exception Creditors; State Supreme Court Precedent
Dynasty Trust Provisions
365 Years
Directed Trusts
Yes
State Income Tax
No State Income Tax; Constitutionally Prohibited
Private Trust Companies
Regulated and Unregulated Permitted; Low Requirements
In previous decades, international families would turn to Europe and the Islands looking for enhanced asset protection and privacy. Now global families estate plan in the United States, particularly trust jurisdictions such as Nevada.
International families may benefit from estate planning in the U.S. for many reasons. However, there are a few indications that make establishing a U.S. trust prudent.
A family owns assets in the United States
Minimize tax liabilities
A beneficiary plans to move to the U.S.
Tax-free inheritance if the source of the inheritance is foreign
A grantor (settlor) or beneficiary is getting married
Nevada Asset Protection protects against divorcing spouses
A grantor (settlor) or beneficiary is getting married
Nevada Asset Protection protects against divorcing spouses
At Crawford Trust, we understand that every family is different and carries individual needs. Our experienced trust officers are happy to reach out and learn more about how we may help you.
The information on this website and its content does not constitute a solicitation to become a client of Crawford Trust Company, LLC. Currently, Crawford Trust company cannot solicit or serve clients in the following areas of Nevada: Washoe County, Douglas County, and Carson City. Crawford Trust Company, LLC does not accept any responsibility in actions that would result from the interpretation of this website information.
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