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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

Daniel G. Worthington

January 1, 2007

18 Min Read
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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...

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About the Author

Daniel G. Worthington

 

Dr. Daniel Glen Worthington is an independent estate planner, consultant, and legal educator with over twenty years of experience in helping meet the estate and financial planning needs of affluent families. Dr. Worthington consults affluent individuals and their families through their law firms, national financial firms and non-profit organizations regarding advanced philanthropic, estate and generation skipping transfer tax issues. He is a lecturer and frequent contributor to national estate planning periodicals and journals, including Trusts and Estates. He is featured in Who's Who in America, Who's Who in the World, Who's Who in American Law, and Who's Who in American Education.

Dr. Worthington resides in Orlando, Florida and serves as a Senior Wealth Advisor, with his principal office at the Florida Hospital Foundation. He previously served as Assistant Vice President and Trusts and Estates Counsel at the University of Central Florida Foundation. Dr. Worthington is the former Associate Dean of the University of South Dakota School of Law, where he also served as Executive Vice President for the Law School Foundation.

Dr. Worthington is co-founder of the Family Bank Design Center, and is a founding board member of the nationally based South Dakota Trust Company. He also serves on the national editorial boards of both the Planned Giving Design Center and the Endowment Development Corporation. He presently serves the National Committee on Planned Giving (NCPG) as one of the 11 member National Valuation Task Force. He is also serves adjunct faculty member in the Masters of Tax Program at the University of Central Florida.