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 might consider establishing a new trust in Delaware and explore moving an existing trust to the First State.Wilmington Trust Company operates offices in Delaware only.
Estate planning for high-net-worth families frequently requires the use of trusts. But relinquishing investment decisions to a trustee is not a comfortable or practical choice for some families. Fortunately, Delaware trust law provides a potential solution to this problem through directed trusts.Today, many high-net-worth families find that their wealth is concentrated in a particular investment or sector.
The state of Delaware has long been one of the most favorable places to establish a business. But what many business owners don’t recognize is that Delaware can also be a good place to create a personal trust for estate planning or asset protection purposes, even if neither the business nor the business owner resides in Delaware.