Is The Trust Indenture Subject To The Laws In The Grantor or Trustee's State

Is The Trust Indenture Subject To The Laws In The Grantor or Trustee's State

It is customary for the indenture to have its situs (e.g. location) in the grantor's state and thus be subject to those state laws; however, the trust is a private contract and thus the situs may be placed anywhere deemed worthy for reasons of privacy, less frequent reporting, state trust laws and more. Do note that a (very) few banks will require the trustee to be in the state of the situs to open a bank account - it is best to avoid these types of banks.

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