Wednesday, March 23, 2011
New Hampshire has been working hard to establish itself as a trust company destination by passing trust-friendly legislation. New Hampshire now has the flexibility of South Dakota and all the qualities that could qualify it as a top-tier trust state, but the state needs to do a better job of marketing itself if it wants to compete with Delaware. Thus far, Boston banks and law firms have been the first to move into New Hampshire. The Trust Advisor created the following chart to compare the trust environment for Delaware and New Hampshire:
Scott Martin, New Hampshire Sets Sights on Becoming the New Delaware of the East, The Trust Advisor Blog, Nov. 13, 2010.