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#trust #Estateplanning #AssetProtection ### Changing the situs of a trust
A trust's situs is the state in which it is considered to be located for tax purposes. The situs of a trust can be important for a number of reasons, including:
* **Taxation:** The taxes that a trust pays are determined by its situs. For example, a trust that is sitused in a state with a high income tax rate will pay more taxes than a trust that is sitused in a state with a lower income tax rate.
* **Estate planning:** The situs of a trust can affect how the trust is treated for estate planning purposes. For example, a trust that is sitused in a state with a strong probate system may be more difficult to administer than a trust that is sitused in a state with a weaker probate system.
* **Asset protection:** The situs of a trust can affect the degree of asset protection that the trust provides. For example, a trust that is sitused in a state with strong asset protection laws may be more effective at protecting assets from creditors than a trust that is sitused in a state with weaker asset protection laws.
There are a number of ways to change the situs of a trust. The most common way is to amend the trust document to specify the new situs. Another way to change the situs of a trust is to move the trust's assets to the new situs.
Changing the situs of a trust can be a complex process, and it is important to consult with an experienced estate planning attorney before making any changes.
### Hashtags
* #trust
* #Estateplanning
* #AssetProtection
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