| The Best States for Trusts |
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The Best States for Trusts
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Tier
|
State*
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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.
|
3
|
(-) 4
|
|
1
|
Delaware
|
Residents
|
Yes
|
Yes
|
Perpetual
|
32
|
(-) 0
|
|
1
|
Nevada
|
No
|
Yes
|
Yes
|
365 yrs.
|
26
|
(-) 3
|
|
1
|
South Dakota
|
No
|
Yes
|
Yes
|
Perpetual
|
39
|
(-) 1 / 2
|
|
2
|
Florida
|
No
|
Yes
|
No
|
360 yrs.
|
9
|
(-) 0
|
|
2
|
New Hampshire
|
Residents
|
Yes
|
Yes
|
Perpetual
|
19
|
(-) 0
|
|
2
|
Wyoming
|
No
|
Yes
|
Yes
|
1000 yrs.
|
2
|
(-) 2
|
|
3
|
Colorado
|
Yes
|
Yes
|
Yes
|
1000 yrs.
|
7
|
(-) 2
|
|
3
|
Idaho
|
Yes
|
No
|
No
|
Perpetual
|
3
|
(-) 2
|
|
3
|
Ohio
|
Residents
|
No
|
No
|
Perpetual
|
2
|
(-) 0
|
|
3
|
Utah
|
Yes
|
Yes
|
Yes
|
1000 yrs.
|
2
|
(-) 2
|
|
3
|
Wisconsin
|
Residents
|
No
|
No
|
Perpetual
|
4
|
(-) 1
|
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*States: links to State Trust Statutes - Data: January 2010
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