About the Author

Donald P. DiCarlo

President, Emerald Family Office & Advisory

Don serves as president of Wilmington Trust’s Emerald Family Office & Advisory group, which provides a robust platform of strategic advisory services and solutions for successful executives, entrepreneurs, and their families. The Emerald team guides clients in the creation, implementation, and execution of complex financial, estate, and succession plans.

A respected thought leader, Don is a Fellow of the American College of Trust and Estate Counsel (ACTEC), a highly selective group of peer-elected trust and estate attorneys in the U.S. and abroad. He has been an adjunct professor of law for close to 20 years and lectures frequently at industry-leading conferences, including the Heckerling Institute of Estate Planning.

Don’s past experience includes the private practice of law and active duty service as Judge Advocate in the United States Army. He earned his undergraduate degree from Villanova University and his law degree from New England Law, Boston. He holds a master of laws degree in taxation from Temple University Beasley School of Law and a master of arts degree in theology from St. Charles Borromeo Seminary.

Don serves on the board of directors of the World Affairs Council of Philadelphia and serves his community as an ordained deacon in the Archdiocese of Philadelphia.

By the Author

Creative Trust Planning for Real Estate Developers

Donald P. DiCarlo and Marguerite C. Weese |
Wealth Planning
Real Estate Investor NC.jpg

Implement tax-advantaged trust strategies under today’s tax laws.Tax reform passed in 2017 created major changes and opportunities for high-net-worth taxpayers, particularly those who are real estate developers.Planning for the ultimate continuation or sale of your business is as important as growing your business.From a strategic planning perspective, real estate developers may want to consider targeted trust strategies.


Business Interests Held in Trust

Donald P. DiCarlo and Jeffrey C. Wolken |
My Business

When holding business interests in a trust, it’s important to understand the different structural models for fiduciary decision making.When a business interest is the primary asset in a trust, it can create challenges for both the Trustee and business owner.The trustee’s general fiduciary duty to diversify the trust’s investments may not align with the business owner’s goals.Certain trust features can help to alleviate this conflict.