Can Your Trust Be Based in a Different State Than Where You Live? Trust Situs, Out-of-State Property and Nexus Explained
Yes, a trust’s situs can be in a different state than where you live, but only if the trust has a real connection to that state. Here is how trust situs, governing law and nexus work, what happens to real estate you own in another state, and how state income and estate taxes follow your trust.
