The Best States for Trusts

Tier

State

State Income Tax

Directed Trust Statute

Asset Protection Trust

Dynasty Trust Ability

Number of Trust Cos.

Time Zone (from NY)

1

Alaska

No

Yes

Yes

1000 yrs.

5

(-) 4

1

Delaware

Residents

Yes

Yes

Perpetual

53*

(-) 0

1

Nevada

No

Yes

Yes

365 yrs.

18

(-) 3

1

South Dakota

No

Yes

Yes

Perpetual

58

(-) 1 / 2

2

Florida

No

Yes

No

360 yrs.

29

(-) 0

2

New Hampshire

Residents

Yes

Yes

Perpetual

25

(-) 0

2

Tennessee

Residents

Yes

Yes

360 yrs.

22

(-) 1

2

Wyoming

No

Yes

Yes

1000 yrs.

11

(-) 2

3

Colorado

Yes

Yes

Uncertain

1000 yrs.

11

(-) 2

3

Ohio

Residents

No

No

Perpetual

20

(-) 0

3

Rhode Island

Yes

No

Yes

Perpetual

6

(-) 0

3

Utah

Yes

No

Yes

1000 yrs.

7

(-) 2

All tiers listed in alphabetical order. States links to state trust statutes. Trust companies include state-chartered trust companies and OTS/OCC chartered institutions with trust powers. * DE includes 19 state-chartered limited purpose trust companies.

Data: February 2011. © 2011 TheTrustAdvisor.com