Welcome to the U.S.A.: The Rising Popularity of U.S.-Situs Trusts

By Todd M. Beutler and Todd D. Mayo Family Wealth Report from Wealth Briefing, September 8, 2015 Across the globe, there are a number of attractive jurisdictions for trusts. Among them are a handful of U.S. jurisdictions. More and more, wealthy families are including U.S.-situs trusts in their wealth planning structures. Several factors—including investment opportunities, wealth preservation, tax planning, and good laws—are motivating non-U.S. families to use U.S.-situs trusts. Investing in the U.S. Many families are looking to invest in the U.S. Right now, much of the investment activity involves U.S. real estate. The Wall Street Journal, International Business Times, CNN, and other media outlets have recently spotlighted investment by Chinese families, who currently are the largest group of foreign real estate buyers in the U.S. As the Wall Street…

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The Book: New Hampshire Trust Laws

New Hampshire Trust Laws: Statutes and Commentary (Second Edition) New Hampshire’s modern trust laws promote innovative trust design and efficient trust administration. Those laws have made New Hampshire one of the most attractive jurisdictions in which to create and administer trusts. Written by a trust attorney involved in developing those laws, New Hampshire Trust Laws is a practical reference that combines the statutes with commentary and historical background. Praise for New Hampshire Trust Laws: Statutes and Commentary “More than a compilation of state trust statutes, New Hampshire Trust Laws provides historical context, insightful commentary, and a clear and readable discussion of New Hampshire’s evolving fiduciary landscape. The book is an excellent tool for any practitioner who performs trust planning with New Hampshire trusts.” —Joseph P. Toce, Jr., Managing Director, Andersen…

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New Hampshire Streamlines Private Trust Company Rules

New Hampshire Modernizes Its Trust Company and Family Trust Company Laws CONCORD, N.H., July 30, 2015 (GLOBE NEWSWIRE) — On Monday, Governor Maggie Hassan signed into law a bill modernizing and simplifying New Hampshire’s trust company and family trust company laws (also known as private trust companies). The New Hampshire Trust Council (www.nhtrustcouncil.com) supported and helped to write the bill. “By modernizing and simplifying the trust company and family trust company laws, the new law further enhances New Hampshire’s attractiveness on both the national and international stages as a leading trust jurisdiction,” said Todd D. Mayo, president of the New Hampshire Trust Council and a principal and general counsel of Perspecta Trust (www.perspectatrust.com). Mr. Mayo was a member of the working group that drafted the new law. The new law…

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Perspecta Trust Hires Family Office Veteran

HAMPTON, N.H., Jan. 22, 2016 (GLOBE NEWSWIRE) — Perspecta Trust announced today that it has hired R. Angus West as a Senior Wealth Strategist to work in its Hampton, New Hampshire headquarters. Mr. West is a graduate of Harvard College and began his career as an investment analyst at J.P. Morgan. Following his time at J.P. Morgan, Mr. West earned his JD degree at the Harvard Law School, where upon graduation, he joined the Boston-based law firm Ropes and Gray. Leveraging his legal background, and over the past twenty-five years, Mr. West turned to advising high net worth families in the areas of investment management, tax and estate planning. Most recently, Mr. West had been retained by the Cabot-Wellington family office, acting as the organization’s Executive Director and Chief Investment…

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Perspecta Trust Makes Significant Addition to Management Team

HAMPTON, N.H., Sept. 28, 2015 (GLOBE NEWSWIRE) — Perspecta Trust announced today that it has hired Stephen J. Tall to serve as the firm’s Chief Operating Officer. In this newly-created role, Mr. Tall will oversee all operational aspects of the firm, focusing on client support, technology, administration and operational efficiency. Mr. Tall joins Perspecta from Acadia Trust, where he served as president and CEO. Prior to joining Acadia, Mr. Tall held senior positions at Fiduciary Trust Company International, including chief administrative officer, chief technology officer and chief compliance officer. Prior to his time at Fiduciary Trust, Mr. Tall was an associate partner at Accenture, where he led international financial services client engagements in technology and operations consulting and outsourcing. Speaking to the new management addition, Scott Baker, president of Perspecta…

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Perspecta Trust Hires Former New Hampshire Banking Commissioner

HAMPTON, N.H., Feb. 3, 2016 (GLOBE NEWSWIRE) –Perspecta Trust announced today that it has hired Glenn Perlow as Vice President, Government Affairs to work in its Hampton, New Hampshire headquarters. Mr. Perlow earned his JD degree in 1997 and began his law career at the McLane Law Firm. Subsequent to his work in private practice as a business attorney, Mr. Perlow joined New Hampshire’s Attorney General’s office as a Senior Assistant Attorney General. Choosing to remain in the public sector following his time with the Attorney General’s office, Mr. Perlow joined the New Hampshire Banking Department as General Counsel and then Deputy Bank Commissioner, before being named the State’s Bank Commissioner in 2013. In his new role with Perspecta, Mr. Perlow will concentrate his energies on interfacing with industry and…

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