News & Library

Perspecta Trust Named as Finalist for Trust Company of the Year by STEP

HAMPTON, N.H., June 23, 2016 (GLOBE NEWSWIRE) –The Society of Trust and Estate Practitioners (STEP) has, for the second year in a row, named Perspecta Trust as a finalist for the Trust Company of the Year award. STEP, based in London, is widely regarded as the pre-eminent professional organization in the global trust and estates field.  Perspecta Trust, competing with other trust companies from around the world, was judged by a panel of industry leaders, who rated each of the firms across a number of disciplines, including risk management, client service, and tax guidance. Perspecta is the only US-based trust company included in the group of five finalists. Chairman of Perspecta, Paul Montrone, states “We work very hard to ensure we offer our clients the best solution in the industry,…


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…


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. The new law simplifies, clarifies, and reorganizes the banking, trust company, and family trust laws. The new law eliminates 21 chapters of statutes—which were sometimes potentially confusing and redundant—and replaces them with just five chapters. The new chapters include a chapter devoted to trust companies and a chapter devoted to family trust companies. In contrast to many aspects of prior law which were written in another era and often did…