Apr 30, 2026 | Family Businesses, Family Owned Business
By Kristen D. Matteoni

For most family business owners, the preservation and transfer of their legacy is rarely as simple as drafting a will or establishing a basic revocable trust. Today’s environment, marked by evolving tax and geopolitical uncertainty, increased litigation risk, and heightened concerns around privacy, demands a more nuanced and jurisdictionally informed approach to estate and trust planning.

Among the leading domestic jurisdictions, Nevada has emerged as a premier destination for high-net-worth families seeking flexibility, tax efficiency, asset protection, and long-term dynasty planning. While states such as Delaware, South Dakota, Alaska, and Wyoming are frequently included among the so-called “Big 5” trust jurisdictions, Nevada offers a particularly compelling combination of advantages that merit careful consideration. This paper explores the “Nevada Advantage” through the lens of tax planning, trust flexibility, and legal protections – highlighting why many business owners are increasingly looking West.

Read more at https://familyenterpriseusa.com/family-businesses/the-nevada-advantage-strategic-trust-and-tax-planning-for-the-modern-family-business/