New Hampshire legislation aimed at attracting new trust company jobs to the state

The stated purpose of the Trust Modernization and Competitiveness Act of 2006, signed into law by New Hampshire Governor Lynch on June 20, 2006, is “to establish New Hampshire as the best and most attractive legal environment in the nation for trusts and trust services.”

In a report issued in December 2005, RKG Associates forecast that almost 4,000 new positions would be added in the next four years in the New Hampshire financial sector, yielding the state approximately $4 million in tax revenue.

For more information, see Legislation to Attract New Trust Company Jobs, RathLaw.com.