Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Friday, February 28, 2014

Best States for Trusts


Most states impose a tax on trust income between 3% and 12%.  These seven states do not:

  • Alaska  
  • Florida   
  • Nevada    
  • South Dakota   
  • Texas   
  • Washington   
  • Wyoming

To avoid taxes on accumulated ordinary income and capital gains, locate a trust in one of these states.  In some states, this is as simple as naming a trustee in one of these seven states.  In other states, this may be impossible.

See Jim Combs, The Best States for Client Trusts, Wealth Management, Feb. 24, 2014.


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