The location, or situs, of someone’s personal trust may have a significant impact on how the trust is taxed and the flexible laws available to facilitate ongoing administration. Changing a trust’s situs can be as easy as changing the trustees to a more favorable location. Listen as Jeffrey Wolken, national director of Delaware Trust Planning Strategies for Wilmington Trust’s Emerald Family Office & Advisory®, discusses why the location of a trust, or its situs, is important, and how you can change a trust’s situs to possibly receive additional benefits.
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