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Which Situs is Best in 2024?Which Situs is Best in 2024?

Tennessee jumps up to the first tier, joining South Dakota, Alaska, Nevada and Delaware.

26 Min Read
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Many clients don’t understand that they have a choice regarding where their trust resides, which will have a lasting impact on their long-term wealth strategy. To that end we ask, which of the trust jurisdictions do we believe are best in 2024 for multigenerational planning? Let’s find out by examining the features of the various trust statutes. There continues to be marked differences between the laws of those jurisdictions that we consider “the best” for multigenerational trusts and those that we deem less competitive. 

In the January 2022 issue of Trusts & Estates, we provided a matrix to compare the relative strengths of the then-35 jurisdictions that had repealed or modified their rule against perpetuities (RAP). While that number re...

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About the Authors

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.

Marc Merric

Manager, Law Firm of Marc Merric LLC