If you create a trust in North Carolina and later move to another state, whose laws apply? In this episode of Asset Protection Today, elder law attorney Bill Alexander answers that question and explains when a trust is worth having.

Bill describes himself as a trust planner and explains who benefits most from one: families with tax planning needs, complicated family situations, high-wealth estates, and anyone who owns real estate outside North Carolina. Without a trust, each state requires its own probate, so you could face three or four probates instead of one. He also explains why LLCs and corporations are much easier to pass on through a trust than through probate, and how irrevocable asset protection trusts can shield children's inheritances from divorce, creditors, and occupational risk, wherever the family lives.

Bill also covers a lesser-known North Carolina advantage: the state has no rule against perpetuities for trusts, which means a large enough estate can be structured as a "dynasty trust" that passes from generation to generation without a built-in end date.

If you're thinking about trust planning, multi-state real estate, or protecting your family's legacy, this episode offers practical guidance from one of North Carolina's most respected elder law attorneys.

Want to learn more? W.G. Alexander & Associates hosts free educational webinars on asset protection, trust planning, and long-term care. Sign up at https://wgalaw.com/seminars/

(1:47) Why Trusts Help: Out-of-State Property & Probate
(2:12) Trusts vs. Probate for LLCs & Corporations
(2:43) Which State's Laws Govern a Trust If You Move?
(3:54) Asset Protection Trusts for Children & Grandchildren
(4:55) North Carolina's No Rule Against Perpetuities (Dynasty Trusts)
(5:45) Call to Action & Webinar Info
(6:05) Sign-Off & Outro

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