August 10, 2021—Those who live in a high-tax state could benefit from the use of a Delaware incomplete-gift non-grantor (DING) trust. It’s an attractive technique that may reduce or potentially eliminate state income taxes on capital gains occurring inside the trust. In today’s podcast, National Director of Delaware Trust Planning Jeff Wolken discusses a tax-smart planning opportunity through the strategic use of the DING trust.
July 13, 2021—When creating a trust, the first decision is likely to be the most important one—choosing a trustee. Should it be a friend, family member, spouse, or a corporate trustee? The decision-making process involves several considerations to find the best fit. In today’s podcast, National Director of Delaware Trust Planning Jeff Wolken reviews the duties and responsibilities of a trustee to help you select one that is most appropriate for your situation.
February 9, 2021, GEM 32 — Many people are familiar with personal trusts because they are common estate planning vehicles. However, a lesser known fact is personal trusts may also be used to minimize state income tax liabilities. By holding your wealth inside a trust, you may limit the ability of your home state to tax the trust’s income. In today’s podcast, National Director of Delaware Trust Planning, Jeff Wolken, discusses the steps you can take to mitigate state income tax.
July 14—With today’s historically high gift and estate tax exemptions, and historically low interest rates, the use of personal trusts can be particularly beneficial in this favorable wealth planning environment.
Delaware was the first state to pioneer many innovative trust laws, but the competition for trusts is fierce among the states. Wilmington Trust’s National Director, Delaware Trust Planning Jeff Wolken, sits down with Editor in Chief of Trusts & Estates magazine, Susan Lipp, at the 54th Annual Heckerling Institute on Estate Planning to share his insights on how Delaware sets itself apart from other states.Please see important disclosures at the end of the video.