Wednesday, March 23, 2011

New Hampshire: Trustwise, It’s Delaware North

H/T to the Wills, Trusts and Estates Prof for spotlighting my State's surge as a trust location.

From the Trust Advisor blog:
Until recently, finding a truly hospitable trust jurisdiction on the East Coast was a tough choice between reigning champion Delaware and everywhere else. Delaware guarded its exclusivity, but since it had the best statutes, everyone in the business wanted to get in.

However, New Hampshire — famous throughout the country as one of the original income tax havens — has been working hard to establish itself as an interstate trust company destination as well.

Since the last piece fell into place back in July, the state has been quietly enticing trust companies from old money Boston to move across the border. Now, it’s got its sights on capturing out-of-state business from all over the country.

No comments: