And Nevada has only a narrow two-year window for creditors to make a claim against a trust’s assets. The clear leaders are Nevada, Delaware, South Dakota and Alaska, but other states have also joined the asset-protection frenzy. “The honest, ethical taxpaying people around the world who simply want privacy are happy to put assets in the United States,” he said. “There’s a huge amount of wealth on the Eastern Seaboard, and New Hampshire fares well in the mind of those families,” Mr. Ardinger said. “We have reviewed that and said that’s not our policy,’” said William F. J. Ardinger, a lawyer at Rath, Young & Pignatelli who has lobbied for changes in New Hampshire’s trust laws.

Source: New York Times August 08, 2016 16:52 UTC