Best State for a Trust

17 Dec 2022 · 1 min

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In this video, Jerry Taylor addresses the common question of which U.S. state is most advantageous for establishing a trust aimed at protecting assets from lawsuits, creditors, probate, and estate taxes. He notes that a trust does not need to be set up in the grantor's home state and outlines seven states frequently recommended for their strong asset‑protection statutes: Alaska, Delaware, Wyoming, Nevada, Tennessee, New Hampshire, and South Dakota. While each state has particular strengths, Taylor emphasizes that the prevailing expert opinion points to Nevada and South Dakota as the overall best choices for trust formation.

Chapters

I know many of you have been asking yourself this question: what state is the best state in which to have a trust? In this very video, I shall bestow upon you the answer. If it's important to you to protect what you have from lawsuits, creditors, probate, and estate taxes, you need this information. And remember, this trust does not have to be established in your state. Generally, most people in the area think that the following 7 states are the best: Alaska, Delaware, Wyoming, Nevada, Tennessee, New Hampshire, and South Dakota. Each of those states are very strong in certain areas. So which state is the best? Most people in the know generally say the best state for a trust is Nevada or South Dakota.