Entities Holding Trustee Positions
- 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?
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