The Best States for Trusts |
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Tier |
State |
State Income Tax |
Directed Trust Statute |
Asset Protection Trust |
Dynasty Trust Ability |
Number of Trust Cos. |
Time Zone (from NY) |
1 |
No |
Yes |
Yes |
1000 yrs. |
5 |
(-) 4 |
|
1 |
Residents |
Yes |
Yes |
Perpetual |
53* |
(-) 0 |
|
1 |
No |
Yes |
Yes |
365 yrs. |
18 |
(-) 3 |
|
1 |
No |
Yes |
Yes |
Perpetual |
58 |
(-) 1 / 2 |
|
2 |
No |
Yes |
No |
360 yrs. |
29 |
(-) 0 |
|
2 |
Residents |
Yes |
Yes |
Perpetual |
25 |
(-) 0 |
|
2 |
Residents |
Yes |
Yes |
360 yrs. |
22 |
(-) 1 |
|
2 |
No |
Yes |
Yes |
1000 yrs. |
11 |
(-) 2 |
|
3 |
Yes |
Yes |
Uncertain |
1000 yrs. |
11 |
(-) 2 |
|
3 |
Residents |
No |
No |
Perpetual |
20 |
(-) 0 |
|
3 |
Yes |
No |
Yes |
Perpetual |
6 |
(-) 0 |
|
3 |
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. |
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Data: February 2011. © 2011 TheTrustAdvisor.com |