![Trusts & Estates logo Trusts & Estates logo](https://eu-images.contentstack.com/v3/assets/bltabaa95ef14172c61/bltbd5defc64f6009ee/670cf9093dbe55752cb9da04/cf81ba8d-3b13-48d4-9e34-9fad6c8627d7.jpg?width=700&auto=webp&quality=80&disable=upscale)
Situs ShoppingSitus Shopping
Perhaps one of the most noticeable developments I'm seeing in the last couple of years is clients and their advisors paying increasing attention to situs and jurisdiction selection in estate planning. Indeed, they're regularly considering jurisdictions other than their residencies or domicile for their trusts and closely held business entities. There are a number of reasons for this increased focus.
Douglas Moore
Perhaps one of the most noticeable developments I'm seeing in the last couple of years is clients and their advisors paying increasing attention to situs and jurisdiction selection in estate planning. Indeed, they're regularly considering jurisdictions other than their residencies or domicile for their trusts and closely held business entities.
There are a number of reasons for this increased focus. The trusts and estates bar and professionals from financial institutions are working on model uniform laws or specific state statutes effectively addressing recurring issues. Clients' increased mobility forces more thorough reviews of laws in different jurisdictions. Also, states looking to generate additional revenue are enacting...
Unlock All Access Premium Subscription
Get Trusts & Estates articles, digital editions, and an optional print subscription. Choose your subscription now and dive into expert insights today!
Already Subscribed?