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July 2012 » Relocating Assets Out of State
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Joseph F. McDonald
Moving to New Hampshire has long held great appeal for many New York retirees, in part due to the state's year-round recreational activities, but perhaps even more for its favorable creditor protection laws and lack of any broad-based state income, sales, or estate tax. But recent enhancements to New Hampshire's trust and tax laws have enabled individuals living outside the state to realize some of these same benefits by simply relocating assets into New Hampshire trusts.
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