Advantages of Top Trust States

Setting up a trust that best meets the needs and values of your clients while protecting the interests of their beneficiaries involves not only developing the most advantageous trust plans, but also choosing the most favorable trust state or jurisdiction. Ultimately the decision rests on the grantor’s goals for the trust and the client and attorney’s preferences.

Peak Trust Company can help you establish and administer trusts in three top-tier jurisdictions, Alaska, Nevada, and Delaware. (Note: The grantor need not live in Alaska, Nevada, or Delaware to set up trusts in these states.) By comparing the advantages of each, you can find the one best suited to your client’s unique needs.

You can download a short summary of state statutes here, or a long-form comparison of trust statutes for each state here.

Note: Peak Trust Company cannot provide legal advice. Jurisdiction-specific law should be discussed with appropriately skilled legal counsel. The differences discussed below are general statements and do not cover the many complexities of the subject. Each state frequently proposes and passes updates and clarifications to their respective statutes. Please consult legal counsel and official state sources for the most up-to-date information on jurisdiction-specific law. Peak Trust Company makes no guarantees as to the completeness or relevance of these statements.

See Specific Details Regarding AK, NV, and DE

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Peak Trust Company serves as trustee of trusts nationwide, specializing in administration for trusts pursuant to Alaska, Nevada, and Delaware law.

“Peak Trust Company” is the brand for a group of affiliated federally and state chartered professional trust companies headquartered in Anchorage, Alaska. Peak Trust Company, NA is a federally chartered, non-depository trust company headquartered in Anchorage, with a branch office in Wilmington, Delaware. Peak Trust Company maintains separate state charters for operations in Alaska and Nevada as Peak Trust Company-AK and Peak Trust Company-NV.

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