Jan 1, 2007 12:00 PM, By Daniel G. Worthington, president, Worthington Consulting Group, Salt Lake City

By: By Daniel G. Worthington, president, Worthington Consulting Group, Salt Lake City

If I had to rank the 23 perpetual trust jurisdictions, top honors would be awarded in this order: South Dakota is number one; Delaware is a close second; and both Alaska and New Hampshire are tied for third place.¹

What does such ranking mean to the advisor on the street? Ultimately, not that much. What really matters to practitioners are the nuances of all the states' laws and how these might serve a particular client's needs — or run counter to those needs. That's why advisors must be able to distinguish among different trust laws. So armed, they can truly help clients.

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