Should Your Trust Live in a Lower Tax State?

Should Your Trust Live in a Lower Tax State? Where a trust is established can have meaningful tax consequences—but simply choosing a state with lower taxes doesn’t necessarily mean you’ll get the outcome you expect. In this video, we look at how trust location can affect state income taxes, why residency and administration rules matter, and what to consider before moving or establishing a trust in another state. As with most estate and tax planning decisions, the right strategy depends on the details. Before making changes, it’s important to understand both the potential benefits and the tradeoffs. Hanover Advisors | Financial Planning & Wealth Management