Nevada had to give Tesla tax concessions in order to induce them to put their mega-factory west of Sparks off of I-80. Concessions are a fact of life when it comes to attracting mega-businesses to a community. I do remember that then Governor Sandoval was criticized by some for “giving away too much” in the form of tax credits to Tesla. I also remember asking a question in this column that went something like this: …Read More
Northern NV Will Remain Prosperous in a National Recession
My last column (Sunday, June 24th) was about the possibility of a recession near-term. On that same RGJ Business front page, the headline was “Reno Median Home Price Tops $350k” and “May Unit Sales Second Highest Recorded.” The two stories seem incongruent. But they aren’t. Impact of the Recession In the financial meltdown of the last recession, the Nevada economy was one of the hardest hit in the nation. It …Read More
Why trusts aren’t just for the wealthy
Originally published on Marketwatch.com http://www.marketwatch.com/story/why-trusts-arent-just-for-the-wealthy-2014-09-09 Trusts are one of the essential tools of any estate plan. According to a recent study, over 70% of U.S. households with a net worth greater than $1 million use trusts. The probate process can be lengthy and expensive and should typically be avoided at all costs through the use of trusts. There are many different types of trusts for various purposes and competent legal …Read More
