Tuesday, January 26, 2010

The Best States for Trusts


The Best States for Trusts
Tier
State*
State Income Tax
Directed Trust Statute
Asset Protection Trust
Dynasty Trust Ability
Number of Trust Cos.
Time Zone (from NY)
1
No
Yes
Yes
1000 yrs.
3
(-) 4
1
Residents
Yes
Yes
Perpetual
32
(-) 0
1
No
Yes
Yes
365 yrs.
26
(-) 3
1
No
Yes
Yes
Perpetual
39
(-) 1 / 2
2
No
No
No
360 yrs.
9
(-) 0
2
Residents
Yes
Yes
Perpetual
19
(-) 0
2
No
No
Yes
1000 yrs.
2
(-) 2
3
Yes
Yes
Yes
1000 yrs.
7
(-) 2
3
Yes
No
No
Perpetual
3
(-) 2
3
Residents
No
No
Perpetual
2
(-) 0
3
Yes
No
Yes
1000 yrs.
2
(-) 2
3
Residents
No
No
Perpetual
4
(-) 1
*States: links to State Trust Statutes  Data: January 2010  
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From the Trust Advisor Blog in a post titled 

America’s Most Wealth Friendly States Continue to Bid for Your Clients’ Trust Business


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