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Preserve Your Wealth

Wealthy individuals and families continue to move millions (and even billions) of dollars to Nevada, one of the most tax-friendly states in the United States. At the forefront of this endeavor is McDonald Carano. We counsel clients on all kinds of estate planning initiatives, ranging from the simplest of wills to the most complex of irrevocable trusts and probate and conservatorship issues, as well as every kind of fiduciary income tax matter. Our expertise includes uncontested and contested probates, conservatorship, and trust proceedings. We represent fiduciaries, beneficiaries and creditors in court and when a problem cannot be resolved through the audit process. We prosecute and defend estate-related disputes involving fee controversies, ownership and creditor problems, alleged breaches of trust, will contests and trust contests. We also work on estate and gift tax returns, represent clients in tax audits and requests for private letter rulings, and advise closely held and family businesses.

Our Trust & Estates attorneys are among the most qualified in Nevada. Many of our team members have an LL.M. or Master’s Degree in tax. Several are licensed CPAs. Two are fellows in the American College of Trust and Estate Counsel (ACTEC), the most prestigious affiliation for such practitioners. No other Nevada law firm has more than one such fellow, and only seven are admitted statewide. We have earned our outstanding reputation in the probate courts in Washoe and Clark Counties, and with the author of the “Decedents’ Estates” chapter of the Nevada Civil Practice Manual for LexisNexis. Our firm is also involved in legislative initiatives that improve Nevada’s tax-advantaged climate, particularly with regard to issues involving private-trust companies and asset-protection trusts.

We represent clients ranging from middle-class Americans, to millionaires to Forbes 400 members in the following areas:

  • Asset protection and wealth preservation
  • Business continuation and succession planning
  • Charitable tax and trust planning
  • Estate, generation-skipping, gift and income tax planning
  • Estate and trust planning and administration
  • Fiduciary and beneficiary representation
  • Foundation and tax-exempt organization initiatives
  • Probate, trust and fiduciary litigation
  • Trust modification, reformation and termination

Acclaim

Our Trust & Estate attorneys and practice group have been recognized in legal industry ratings and rankings directories such as Chambers HNW Guide, The Best Lawyers in America, Super Lawyers, and Martindale-Hubbell.

Practice Area News

Private Trust Companies – Nevada

September 8, 2020, Private Trust Companies: A Handbook for Advisers, by Lance N McKenzie, McDonald Carano. 1.Introduction Trusts have long been the indispensable tool of estate planning and asset management…

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McDonald Carano Ranked as a Leading Nevada Law Firm in 2020 Chambers USA and Chambers High Net Worth Guides

July 9, 2020 – McDonald Carano is pleased to announce Chambers has again listed the Firm as a highly ranked law firm in both the Chambers USA and Chambers High…

McDonald Carano Named One of the Country’s “Best Law Firms”

November 1, 2019, McDonald Carano, Nevada’s law firm for businesses and high-net-worth individuals, is pleased to announce the firm has been named one of the country’s “Best Law Firms” in…

Our Trust & Estates Group

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