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The highly anticipated One Big Beautiful Bill Act (the “OBBBA”), sometimes called the “Big Beautiful Bill,” which was passed by the 119th Congress and signed into law by President Trump on July 4, 2025, has introduced significant shifts within the United States tax code, particularly affecting wealth transfer mechanisms like the gift and estate tax. While…

Understanding Nevada Incomplete Non-Grantor Trusts Nevada has long been a favored jurisdiction for trust planning due to its favorable laws concerning asset protection, dynasty trusts, and its lack of state income, gift, or estate taxes. Among the most discussed and strategically employed instruments in this modern landscape is the Nevada Incomplete Non-Grantor Trust, commonly…

“I just moved to Nevada – do I need to update my estate plan?” Many estate planning attorneys in Nevada hear those words these days, especially as more people move out of bordering states like California and move to Nevada.’ For these individuals, and of course many others, updating and maintaining an estate plan…