Legislation

//Legislation

2013 HB 560

This act eliminates the board of trust company incorporation, thereby empowering the bank commissioner to determine whether to approve a trust company's formation. This act is effective July 4, 2013. Text of HB 560

By |2014-03-27T08:08:43-04:00June 4, 2013|Legislation|

2012 SB 326

This act repeals the interest and dividends tax on nongrantor trusts. The repeal applies to taxable years ending on or after December 31, 2013. Text of SB 326

By |2014-01-19T03:59:44-05:00June 27, 2012|Legislation|

2012 SB 368

This act changes the term "nondepository financial institutions" to "nondepository trust companies." The act is effective July 28, 2012. Text of SB 368

By |2014-01-19T04:00:25-05:00May 29, 2012|Legislation|

2011 SB 50

This act codifies the enforceability of no-contest provisions, establishes an opt-out provision for filing accounts by trustees of testamentary trusts, rejects the so-called benefit-of-the-beneficiaries rule, and creates limitation periods for claims against trust advisors and trust protectors. Text of SB 50

By |2017-05-25T11:38:04-04:00June 13, 2011|Legislation|

2010 SB 421

This act codifies the laws governing family trust companies into a separate chapter of the state's laws (specifically, Chapter 392-B of the New Hampshire Revised Statutes Annotated). Text of SB 421

By |2014-01-18T18:12:58-05:00July 20, 2010|Legislation|

2008 SB 465

This act establishes a statutory decanting power, expands and clarifies the laws governing trust advisors and trust protectors, and allows the formation of self-settled spendthrift trusts (also called asset protection trusts). 2008 SB 465

By |2017-05-25T11:38:04-04:00July 11, 2008|Legislation|

Trust Modernization and Competitiveness Act (2006 SB 394)

The Trust Modernization and Competitiveness Act marks a significant advancement in New Hampshire's trust laws. The act allows the formation of family trust companies (also known as family fiduciary services companies), significantly expands the provisions governing directed trusts, trust advisors, and trust protectors, and adopts the Uniform Principal and Income Act. Text of the Trust Modernization and Competitiveness Act

By |2014-01-19T04:09:22-05:00August 16, 2006|Legislation|

2005 HB 542

This act modifies a trustee's duty to inform, modifies creditor rights with respect to discretionary and spendthrift trusts, and makes other changes to the Uniform Trust Code. Text of HB 542

By |2014-01-19T04:10:39-05:00July 22, 2005|Legislation|