It’s a common question from clients. “I live in _____ so why do you want me to set up a trust in Alaska?”

Financial planners, estate attorneys, wealth managers, CPAs and insurance folks alike have long favored states like Alaska, Delaware, Nevada and South Dakota for trust situs due to their trust-friendly laws enforced by their trust-friendly courts.

Want to know what makes these states so appealing? This article provides a brief summary of the “best states” with subtext focusing on specific NJ vs. DE pros/cons.