Understanding the importance of working with a fiduciary. Fiduciaries are responsible for acting in the best interest of the individuals they serve, and are entrusted with a high standard of care. A corporate fiduciary provides experience and objectivity needed to manage family trusts for the long term.Establishing a trusted relationship with an experienced fiduciary is critical to helping you preserve and protect your wealth for generations to come.
As trusts evolve, the need for a robust and experienced trustee is paramount. Over the past half-century, the role of trustees has evolved rapidly along with the trust industry itself.Increased complexity of trust investments and expansion of modern trust laws are just two elements of this evolution.Modern trusts require the services of robust professional trustees adept at navigating complex legal, tax, investment, and regulatory issues.
Establishing a personal trust in the state of Delaware has unique advantages to help you manage and control your business. Learn why the First State is a preeminent jurisdiction for business owners and trusts, offering asset protection, confidentiality, and directed trusts.
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.
Learn why Delaware is considered one of the most advantageous jurisdictions for personal trusts. Even if you don’t live in Delaware, there are numerous reasons why you should consider establishing a new trust in Delaware and why you should explore moving an existing trust to the First State.Wilmington Trust Company operates offices in Delaware only.