NEW YORK – Members looking to establish trusts may have an edge in certain states. Alaska continues to be among the most trust-friendly states, having recently revised its trust code to make it more difficult for divorcing spouses to seize assets, the Wall Street Journal reported. New Hampshire became one of the few states that allows perpetual purpose trusts, which are created for a specific purpose such as keeping an art collection or business in the family rather than benefiting an actual person. New Hampshire also offers protections for trustees from being sued by beneficiaries for not diversifying trust assets, the publication said. Other trust-friendly states are Delaware, South Dakota and Nevada, the WSJ reported, adding Florida and Wyoming are also good candidates too. Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming are attractive because they don't impose any taxes on trust assets while states like Delaware, New Jersey, Wisconsin, New Hampshire, Illinois and Virginia have trust set-ups where money inside the trust can pass through many generations without incurring estate taxes. More than 20 states, including Delaware, Alaska, California, Florida, Illinois and Pennsylvania, have statutes allowing trusts to pay beneficiaries a fixed percentage of trust assets-often between 3% and 5%, the WSJ reported. The creation of trusts in offshore locations in places like Cook Islands and Nevis were pretty common for those concerned with liability, but now Alaska, Delaware, Rhode Island, Nevada, and South Dakota are among the states that permit these trusts.