It’s literally “you have to tell the government about your money so they can tax it, unless… you go to Nebraska, file some paperwork, declare yourself trust executor, and then you talk about your money like it’s a person with free will that just so happens wants to pay your rent and buy you a jet ski. Then the government isn’t allowed to ask about it, ever”
That really depends on which benefits are most important to you. But, generally, the consensus among advisers and estate attorneys is that the trust laws of South Dakota and Nevada offer the best combination of tax benefits, asset protection, trust longevity and flexible decanting provisions.
Trusts are basically sovcit shit but real though
It’s literally “you have to tell the government about your money so they can tax it, unless… you go to Nebraska, file some paperwork, declare yourself trust executor, and then you talk about your money like it’s a person with free will that just so happens wants to pay your rent and buy you a jet ski. Then the government isn’t allowed to ask about it, ever”
You don’t have to go to Nebraska lol.
No, seriously
Source
Nebraska’s biggest claim-to-fame is being neither South Dakota nor Nevada
Are you sure? They all look the same in my head
Honestly, I was going to say North Dakota, but I wasn’t totally sure which Dakota it was, so I picked Nebraska