News & Library

New Hampshire’s Attractive Landscape for Trusts and Trust Companies

  For wealthy families, New Hampshire is one of most attractive states in which to create and manage their trusts. New Hampshire offers a trust- and business-friendly landscape that combines family trust companies, modern trust laws, and a favorable tax environment. That combination facilitates creative trust design and efficient administration, which can more effectively achieve a family’s wealth planning goals. Modern Trust Laws New Hampshire has a robust set of modern trust laws, which afford settlors broad flexibility and creativity in designing trusts well suited to their specific needs and wishes. Those laws facilitate the more efficient administration of trusts and importantly provide a high level of certainty concerning the rights, duties, and powers of settlors, beneficiaries, trustees, trust advisors, and trust protectors. Two important themes run through New Hampshire’s…

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Putting High Tech Into Your Estate Plan

If you still plug your Palm Pilot into your desktop to synch calendars every night, or assure your friends that your flip phone “still works just fine,” this piece may not resonate with you.  The first PDA debuted in 1996, and for many of us this futuristic gadget was a game changer, replacing our bulky cell phones and day planners.  Over the years these devices got smaller and smarter, until 2006 when Apple once again changed the game when it introduced the iPhone.  Thin, sleek and multi-functional, it made that old PDA seem about as high tech as an abacus. When it comes to such technology, the vast majority of us acknowledge that “still works just fine” simply isn’t good enough, as we constantly look for faster and better, with…

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A Brief Timeline of New Hampshire Trust Legislation

Spurred by our principals’ commitment to make New Hampshire the premier situs for trusts and trust companies in the US, Perspecta has been the chief architect of multiple legislative bills to enhance the trust laws of the state. The following timeline explores some of the key bills that have resulted in a framework of trust laws that carefully safeguards the unique balance between settlors, beneficiaries, and trustees. 2002 Session Authorized the conversion of existing trusts to total return unitrusts 2003 Session Repealed the rule against perpetuities 2004 Session Adopted the Uniform Trust Code 2005 Session Made technical changes to the Uniform Trust Code provisions to enhance flexibility 2006 Session Enacted the Trust Modernization and Competitiveness Act, which allows for the formation of family trust companies, expressly recognizes trust advisors and…

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