Delaware has long-been known as a jurisdiction that benefits the grantors of trusts. Specifically, Delaware has built a trust-friendly body of legislation and supported these laws with an effective court structure. Another benefit allows trusts established in Delaware to be free from state income tax if the trust beneficiaries are not state residents. This is especially valuable for those who anticipate large taxable transactions through trust assets, like the sale of a business.
See Mark Gudaitis, What Does Delaware Have to Do with Estate Planning?, Atlantic Trust Blog, September 14, 2016.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
