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of Trusts & Estates, we provided a matrix to compare the relative strengths of the then-35 jurisdictions that had repealed or modified their rule against perpetuities (RAP).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