America’s Most Wealth Friendly States Continue to Bid for Your Clients’ Trust Business | The Trust Advisor Blog

America’s Most Wealth Friendly States Continue to Bid for Your Clients’ Trust Business | The Trust Advisor Blog

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	Alaska	No	Yes	Yes	1000 yrs.	3	(-) 4
1	Delaware	Residents	Yes	Yes	Perpetual	32	(-) 0
1	Nevada	No	Yes	Yes	365 yrs.	26	(-) 3
1	South Dakota	No	Yes	Yes	Perpetual	39	(-) 1 / 2
2	Florida	No	Yes	No	360 yrs.	9	(-) 0
2	New Hampshire	Residents	Yes	Yes	Perpetual	19	(-) 0
2	Wyoming	No	Yes	Yes	1000 yrs.	2	(-) 2
3	Colorado	Yes	Yes	Yes	1000 yrs.	7	(-) 2
3	Idaho	Yes	No	No	Perpetual	3	(-) 2
3	Ohio	Residents	No	No	Perpetual	2	(-) 0
3	Utah	Yes	No	Yes	1000 yrs.	2	(-) 2
3	Wisconsin	Residents	No	No	Perpetual	4	(-) 1
*States: links to State Trust Statutes Data: January 2010
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