03.22.2023 - Trusts
Best States for setting up a Trust + The 411 on Directed Trusts
Presented by Kevin McNee, Madison Trust Company
This webinar featured Kevin McNee from Madison Trust Company, a South Dakota based trust company, who explained the importance of situs (jurisdiction) and directed trusts and how they are different than traditional trusts.
"Didn't know that trusts can be set up in different states even if a client doesn't reside in said state.
Also nice to know where to find an online database to find reputable estate planning attorneys."
- Lansen P.
I am familiar with Trusts and Estate Planning but Mr. McNee was able to share some interesting and important information about establishing Trusts in different states.
- Elizabeth L.
I learned about the two ING trusts of Delaware and South Dakota to lower estate taxes in high tax states. I need to look into a DAPT - had not heard of this trust before.
- Aaron S.
I have worked with some of these Asset Protection Trusts recently and this talk really helped me with more info, contacts to estate attorneys etc. It is a complex idea within a complex field so very useful to obtain relevant info. Thanks
- Robert T.
I did not know that you could establish a trust in any state you want. It seems too good to be true that you can avoid taxes in your state of residence by establishing a trust in another state. Will have to look into this further.
- Christopher H.