Using Quiet Trusts to Accomplish Wealth Transfer Goals

Using a New Hampshire trust, a settlor can eliminate a trustee’s reporting and disclosure requirements if he or she wishes to withhold knowledge of the trust’s existence, its terms, or the details of its holdings. Many settlors are turning to New Hampshire to create “quiet” or “silent” trusts under which the trustee does not have any duty to inform beneficiaries about the existence or administration of the trust. This article explains how a "quiet" or "silent" trust can help families make large gifts to children or grandchildren without negatively impacting the beneficiary.