In this episode, Marty and Jonathan address the concept of using entities to hold various trust-related positions.
Some of the issues they discuss include:
- 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 a New York trust adviser, for example, perform the role as a manager of an LLC based in Alaska for an Alaskan trust make it more difficult for New York to exert jurisdiction over that trust?