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.
Control, protection, and privacy are key benefits of a Delaware Trust.
The state of Delaware has long been one of the most favorable places to establish a business.
Delaware is also an excellent place to create a personal trust for estate planning or asset protection purposes.
A Delaware trust offers many of the advantages of other trust-friendly states, along with unique elements that make it a preeminent jurisdiction.