In some instances, it may be advantageous to have an entity, such as an LLC, hold or house various fiduciary and non-fiduciary positions for modern complex trusts.
South Dakota has a statute permitting special purpose entities, but this can also be done under Delaware, Alaska and other state laws.
What and when might you wish to do this?
Might having, for example, a New York trust make it more difficult for New York to exert jurisdiction over that trust?
Our Consumer Webcasts and Blogs
Subscribe to our email list to receive information on consumer webcasts and blogs, for practical legal information in simple English, delivered to your inbox. For more professional driven information, please visit Shenkman Law to subscribe.