New Hampshire: Why the Granite State Still Rocks at Trust Administration

Steven M. Burke
Director, Tax, Trusts & Estates, and Corporate Departments
Linda R. Garey
Counsel, Trusts & Estates Department
Published: Estate Planning Journal, a Thomson Reuters publication
March 27, 2020

Co-authored by: Thanda Fields Brassard, Fiduciary Trust Company of New England; Von E. Sanborn, Day Pitney LLP; and Constance E. Shields, Withers Bergman LLP

*Published by the Tax & Accounting business of Thomson Reuters.  Copyright 2020.

New Hampshire continues to be a premier location for establishing and administering trusts.  The state’s progressive trust code, revised frequently to remain relevant and at the forefront of trust law, is often cited as the primary reason individuals and families choose New Hampshire as the location for their trusts.

Since we last shared why New Hampshire is a great place to establish and administer trusts, the state has continued to strengthen its trust code.  The most significant enhancements include that (i) New Hampshire provides greater creditor protection than ever before; (ii) self-settled trusts are now are easier to create; (iii) New Hampshire is the first state to allow for the establishment of civil foundations; and (iv) private family trust companies may be formed without having to register or be regulated by the state’s banking commission.

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