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Four attributes to consider.

When deciding which trust jurisdiction to use to situs a trust, Nevada is often the chosen jurisdiction for a multitude of reasons. It excels in nearly every desired attribute that one would want in selecting a state situs. Arguably, those attributes are: (1) strong dynasty trust laws; (2) strong domestic asset protection trust (DAPT) laws; (3) a flexible decanting statute; and (4) no state income tax.

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