There are a number of potential advantages to administering a trust in New Hampshire. A partial list includes:
- Taxes – No state capital gains or income taxes on irrevocable trusts.
- Efficient Administration – With approval from beneficiaries, trustees can make certain changes to trusts without having to go to court.
- Perpetuity – Trusts can be created for several generations.
- Trust Protectors & Advisors – Can oversee or advise trustees to make sure that the settlor’s wishes are carried out.
- Asset Protection Trusts –Can provide significant protection against creditors.
- Decanting – Trustees may be able to transfer assets from an old trust to a newly created trust. This can allow trustees to best serve beneficiaries of irrevocable trusts as situations change.