![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)
Perpetual Trust States The Latest RankingsPerpetual Trust States The Latest Rankings
If I had to rank the 23 perpetual trust jurisdictions, top honors would be awarded in this order: South Dakota is number one; Delaware is a close second; and both Alaska and New Hampshire are tied for third place.1 What does such ranking mean to the advisor on the street? Ultimately, not that much. What really matters to practitioners are the nuances of all the states' laws and how these might serve
January 1, 2007
Daniel G. Worthington, president, Worthington Consulting Group, Salt Lake City
If I had to rank the 23 perpetual trust jurisdictions, top honors would be awarded in this order: South Dakota is number one; Delaware is a close second; and both Alaska and New Hampshire are tied for third place.1
What does such ranking mean to the advisor on the street? Ultimately, not that much. What really matters to practitioners are the nuances of all the states' laws and how these might serve a particular client's needs — or run counter to those needs. That's why advisors must be able to distinguish among different trust laws. So armed, they can truly help clients.
Clearly, situs and the trust law imposed on a family make a difference, especially in the co...
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?