DELAWARE AS A HAVEN OF TRUSTS
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DELAWARE AS A HAVEN OF TRUSTS
Annotation
PII
S268667300000616-7-1
Publication type
Article
Status
Published
Edition
Pages
89-104
Abstract
The state of Delaware permits founders of trusts to create inter vivos local trust even without coming to the state''s territory. Nonresident trusts are exempt from any charge for registration and pay no local income tax when receive intangible assets. Delaware''s business environment is so friendly to trusts that the only setting up trusts brings much to local economy when creates new jobs for banks and trusts companies serving as the trustees.
Keywords
asset protection trust, generation-skipping tax, estate tax
Date of publication
11.02.2014
Number of purchasers
1
Views
872
Readers community rating
0.0 (0 votes)
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1

References



Additional sources and materials

  1. U.S.C.A., §1738B.
  2. Delaware Laws, p. 422, § 5, 1986.
  3. Delaware Laws, 2009.
  4. Delaware Laws, 2010.
  5. Arizona Revised Statutes Annotated. § 14-10505(E).
  6. Delaware Code Annotated.
  7. Florida Statutes Annotated. § 736.0505(3).
  8. Massachusetts General Laws Annotated. Chapter 62, § 10(a).
  9. Michigan Compiled Laws Annotated. § 700.7506(4).
  10. Pub. Law No 111-312, § 301(d)(1)(C).
  11. Treasury Regulations, § 25.2523(f)-1(f), Example 11.
  12. Virginia Code Annotated, § 55-545.05.

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