PW: Exactly how does one go about writing laws?
Steve Oshins: It's a matter of going to the right people and also being taken seriously because of my reputation in the estate planning industry. And now that I have a track record in writing laws, it's much easier to find a sponsor for my proposals than it was in the past.
PW: Whom did you work with to get these laws enacted?
Steve Oshins: This time, the Business Law Section of the State Bar of Nevada. For the dynasty trust law I went through a senator who was introduced to me by the chairman of the board of a large bank, a client.
PW: What have you told the attorneys at your firm about restricted entities?
Steve
Oshins: I told them they need to have 2704(b) down cold because I
anticipate we'll be doing a lot of restricted entities starting October
1, when the law takes effect.