Description
The movement of assets around the country has become a major issue to some estate planning. Certain states accentuate the state laws to attract financial resources from other jurisdictions creating a robust financial services industry in those states.
Learning Objectives
There are certain key elements that make one state more or less attractive to another for the management of the client’s investment, financial, and estate plan.
• Income tax issues
• Asset protection issues
• Rules for how long a trust can continue
• Administrative rules on privacy, accounting, delegation of duties, etc.