Why Nevada?

Best Trust Laws in America

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You may not live in Nevada, but your trust should, so it can take advantage of Nevada's top trust laws. You can avail yourself of the benefits of Nevada law, even if you do not reside in Nevada, if your trust is administered by a Nevada trustee.
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Nevada Has The Top Trust Laws for Compounding Wealth and Asset Protection:

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#1 - NEVADA ASSET PROTECTION TRUSTS (NAPT)
A NAPT, legally termed Self Settled Spendthrift Trust, is an irrevocable trust designed to protect your assets from predators and creditors during your lifetime. Only a handful of states allow NAPTs and Nevada is consistently ranked the top jurisdiction.
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#2 - STATE INCOME TAX SAVINGS
Nevada does not have a state income tax.
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#3 - NEVADA DIRECTED TRUST STATUTE
Allows for the separation of trustee's roles among multiple parties. The investment and distribution function can be handled by a family member, friend, or trusted advisor while leaving the administrative function to a corporate trustee.
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#4 - NEVADA'S DECANTING STATUTE
Decanting is the act of pouring assets from an old trust to a new trust with more favorable terms. Nevada's decanting statute allows for the modification of an irrevocable trust to address changes in trust law and dynamics within families that could not have been predicted. 
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#5 - DYNASTY TRUSTS
A trust in Nevada can last for 365 years without the trust assets being subjected to an estate tax levied at each generation. 

Partnering with an Advisor-Friendly Trustee in Nevada

Many attorneys and clients look to partner with an advisor-friendly trustee in a top trust jurisdiction like Nevada. Advisor-friendly means the trust company does not manage investments, provide legal, or tax advice. When working with an advisor-friendly trust company, the continuity with a client’s professional team of advisors is maintained, and the trust company’s sole function is to serve as the jurisdictional trustee for administration and distribution functions.
IconTrust was founded to be a directed trustee and to collaborate with a client’s professional team to provide simple, cost-effective, trust administration services.

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