The state of MS Trust has a well-deserved reputation as an excellent place to form a new trust or move an existing trust. In addition to innovative and flexible trust laws, the state has a very low tax burden, is rated in the top tier of fiscally sound state governments, has a pro-business legislature, and has very business-friendly regulations. Studies have consistently ranked MS Trust among the most favorable trust jurisdictions and it is also one of the most business-friendly jurisdictions in the nation.
• No state tax (income, estate, capital gains, corporate or gift) • Innovative and flexible trust laws • Strong privacy laws, including no trust registration requirements • No transfer tax for 1,000 years • Easy trust reformation • Responsive legislature • Fast and efficient court system
An enhanced version of the uniform trust code allows:
• Directed trusts • Trust protectors, trust advisors, and special purpose entities • Purpose trusts • Prudent investor standard • Non-judicial settlement agreements • Flexible trust modification and reformation • Statutory decanting • Enhanced virtual representation • Self-settled discretionary trusts • Narrow exceptions to qualified transfers • Expanded settlor’s rights for qualified spendthrift trusts