Wills, Trusts & Estates Prof Blog

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

Saturday, April 19, 2014

Article on The State of Your Trust

TrusttileDennis Delaney (Hemenway & Barnes) recently published an article entitled, The State of Your Trust: Where Should a Trust Be Sited?(Feb. 18, 2014). Provided below are the trust planning pain points from Reuters:

- Tax law: state income tax on trusts vary from region to region. Some consider the location of the beneficiary and some the trustee, making for a confusing patchwork of statutes.

- Decanting: even if a trust is irrevocable, changes may be made through “decanting,” the process of distributing assets from an old trust into a new one with different provisions.

- Quiet trusts: a relatively new vehicle that lets grantors decide when they will tell beneficiaries about a trust.

See Steven Maimes, Location of Trusts A Critical Factor in Trust and Estate Planning, Reuters, Feb. 18, 2014.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.


Articles, Income Tax, Trusts | Permalink

TrackBack URL for this entry:


Listed below are links to weblogs that reference Article on The State of Your Trust:


Post a comment