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Did California Ban NING Trusts?

I IconTrust · · 76 views

What happened? On July 10, 2023, California Governor Gavin Newsom closed an income tax strategy known as the Nevada incomplete gift non-grantor trust (NING). The law is retroactive to January 1, 2023, and California will now tax any income earned in a NING as if it were a grantor trust, subject to California state income […] The post Did California Ban NING Trusts? appeared first on IconTrust | Nevada Trust Services.

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